New York (CNN Business) The Dow Jones Industrial Average is getting a new member — one with the perfect name.

Dow Inc., the century-old maker of plastics and packaging, will join the 30-stock index on April 2 when US stock markets open.

DowDuPont DWDP Fittingly, Dow Inc. will replace, the chemicals conglomerate it's getting spun off from next month.

To recap: Dow is replacing DowDuPont in the Dow. Got that?

Walgreens Boots Alliance WBA GE GE It's the first shakeup of the exclusive index since last summer when General Electric was kicked out replaced, the struggling maker of jet engines and light bulbs and original member of the Dow in 1896.

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