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DSM Divests Amino Resins Business to Ineos

Published on 2011-09-16. Author : SpecialChem

Royal DSM N.V., the global Life Sciences and Materials Sciences company, and INEOS Melamines, a subsidiary of Switzerland-based INEOS Industries have reached an agreement for DSM to sell its amino resins business to INEOS. Financial details will not be disclosed.

For DSM the divestment is a logical step after it closed at the end of 2009 its production facility in the Netherlands. Ever since a supply agreement with INEOS Melamines for manufacturing melamine and benzoguanamine amino resins has been in place. INEOS now markets these amino resins directly.

INEOS Melamines is one of the leading global producers of amino resins. The acquisition further strengthens its position and ability to serve customers globally.

The divestment and transfer of marketing activities will have minimal to no impact on DSM's customers as the products will continue to be made according to the same process with the same specifications and in the same production facilities. During a transition period the sales forces of INEOS and DSM will cooperate closely to ensure a smooth transfer of all customer relations. For a limited period of time INEOS is allowed to use the DSM brand name Uramex® for the amino products involved.

Holger Mueller, Commercial Director of INEOS Melamines commented: "The acquisition of the amino resins from DSM is a further step in our efforts to be the supplier of choice for amino cross linkers. It will help to utilize our assets and is a consistent step after we started to produce the resins for DSM almost 2 years ago."

Patrick Niels, Business Unit director of DSM Coating Resins said: "Amino resins are mostly used for solventbased applications, whereas DSM has decided to focus its activities on coating resins with a lower ecological-footprint (such as waterborne, powder and UV technologies). "The divestment of the amino resins to INEOS is a further step in our strategy to further focus on innovative and sustainable resins .This increased focus will allow us to serve our customers better in ensuring an ever increasing use for sustainable coating technologies."

About DSM - Bright Science. Brighter Living.™

Royal DSM N.V. is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM's 22,000 employees deliver annual net sales of about € 9 billion. The company is listed on NYSE Euronext.

About INEOS

INEOS is a leading petrochemical company comprising 15 businesses each with major chemical company heritages. Our production network spans 60 manufacturing facilities in 13 countries throughout the world. The chemicals we produce enhance almost every aspect of modern live.

Source: DSM


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