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DSM Composite Resins sells Plasticizers business

Published on 2007-06-07. Author : SpecialChem

Schaffhausen,Switzerland -- DSM Composite Resins announces the sale of its Uraplast Polymeric Plasticizer Resins Business to Polynt S.p.A.

DSM is one of Europe's leading suppliers of polymeric plasticizer resins for PVC, elastomers, adhesives, coatings and other applications, an attractive niche business traded under the name Uraplast.

The company's core activities however are within the composites sector where DSM Composite Resins is the European market leader in unsaturated polyester resins and the global market leader in Sizings & Binders.

As part of its strategy to lead the Composites industry via innovation and dedication, DSM Composite Resins took the decision to divest the Uraplast business.

Polynt S.p.A., a specialty chemical company listed on the Italian Stock Exchange, is a major player in plasticizers and is active in the niche market of chemical intermediates for polymer production..The acquisition of the Uraplast polymeric plasticizers business is an excellent fit and an attractive addition to its current portfolio. The purchase confirms Polynt's continuous commitment to this important product line and towards high added value Specialty Products.

The sale transfers all intellectual property, including rights to the Uraplast tradename, together with product formulations, production procedures and commercial information; as well as inventories of finished stock and raw materials.

No employees, production facilities or fixed assets will transfer with the business. To ensure continuity of supply to customers, DSM will continue to produce Uraplast products at its facility in Schoonebeek, the Netherlands, under a toll agreement between the two companies. This will continue until such a time that Polynt has fully migrated the new products and technologies.

About Polynt

Polynt Group, whose mother company Polynt S.p.A. is headquartered in Scanzorosciate (Bergamo, Italy), operates in the niche markets of intermediates for the production of polymers, and is one of the main players in specific sectors, such as those of maleic anhydride and derivatives, phthalic anhydride and general plasticizers, trimellitic anhydride and special plasticizers, unsaturated polyester resins, and thermosetting compounds.

Polynt Group reported in 2006 consolidated revenues of Euro 500.5 million (+17,7% compared to Euro 425 million of 2005) and operates through 4 legal entities (including the mother company itself) and in 6 production plants, 4 of which are located in Italy, 1 in Germany, and 1 in Poland.

Source: DSM


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