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DSM to Sell Yparex® Adhesives Business to RESIN for Better Fit and More Growth

Published on 2011-02-03. Author : SpecialChem

DSM Engineering Plastics has reached an agreement for the sale of its Yparex® adhesives business to RESIN (Products & Technology) B.V., a Netherlands-based compounding company. The sale is expected to close in Q1 2011, subject to regulatory and other customary approvals and notifications.

The Yparex® business produces adhesive tie-layer resins that are extrudable maleic anhydride-(MaH)-modified and functionalized polyolefin compounds. These are used in numerous industrial applications such as sanitary and heating pipes, floor and wall heating (or cooling), copper and steel pipe coating, film applications, cables and cladding panels.

DSM Engineering Plastics believes that the Yparex® product line has a better fit and more growth opportunity with the new owner. The Yparex® business will be positioned as an independent company, headquartered on Chemelot Campus in Geleen, NL and its current four employees will transfer to the new owner. RESIN will sign a compounding agreement with DSM Engineering Plastics to retain production in Genk, B for the duration of a transition period and service agreements with DSM Ahead and DSM Solutions for ongoing R&D support.

The impact of the transaction on DSM's results is not expected to be material. Financial details will not be disclosed.

Akulon®, Arnite®, Arnitel®, EcoPaxx™, Stanyl®, Stanyl® ForTii™, Novamid® and Yparex® are registered trademarks of Royal DSM N.V.

DSM Engineering Plastics

DSM Engineering Plastics is one of the world's leading suppliers of quality engineering thermoplastics providing customer value through sustainable solutions that reflect the DSM People, Planet and Profit strategy. DSM Engineering Plastics delivers innovative opportunities for customers who design or produce electrical applications, electronic equipment, cars, barrier packaging films as well as many mechanical and extrusion applications. These markets are served with a broad portfolio of high performance materials including Akulon® and Novamid® 6 and 66 polyamides, Arnitel® TPC, Arnite® PBT and PET polyesters, Yparex® extrudable adhesive resins, and Stanyl® high heat 46 polyamides. Most recently, DSM Engineering Plastics has introduced the first new polymer of the 21st century: Stanyl® ForTii™ and has expanded her portfolio with two bio-based, high performance engineering plastics, EcoPaXX™ and Arnitel® Eco. DSM Engineering Plastics had sales in 2009 of EUR 648 million and employs some 1600 people worldwide

DSM - the Life Sciences and Materials Sciences Company

Royal DSM N.V. creates solutions that nourish, protect and improve performance. Its end markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM manages its business with a focus on the triple bottom line of economic performance, environmental quality and social responsibility, which it pursues simultaneously and in parallel. DSM has annual net sales of about €8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam.

RESIN (Products & Technology) B.V.

RESIN is an innovative compounding company with a strong focus on developing and commercializing specialty thermoplastic compounds, particularly those offering: halogen-free flame retardance, improved barrier properties, and/or improved mechanical performance. The company serves a broad customer base in the automotive, construction, packaging, and consumer-goods industries. The Yparex® products are complimentary to RESIN's current product portfolio and customer base and will provide significant opportunities for further product development and commercial synergies. The Yparex® line will be positioned as an independent company with a dedicated focus on adhesive tie-layer resins and it will maintain strong ties with RESIN's own product-development capability and commercial network. RESIN will continue to invest in the Yparex® business in order to develop new markets and applications and to grow the business further.

Source: DSM

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