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Standard Investment to Buy DSM Synres, a Producer of Alkyd Resins for Adhesives and more

Published on 2015-04-07. Author : SpecialChem

Royal DSM, the global Life Sciences and Materials Sciences company, announced that it has finalized the sale of DSM Synres to Standard Investment. The divestment was announced in December 2014.

DSM Synres produces solvent-borne alkyd and acrylic coating resins at its site in Hoek van Holland (Netherlands) for the global coatings, adhesives and graphic arts markets since 1947. DSM Synres realizes sales of approximately €50 million with around 80 employees.

Standard Investment, based in Amsterdam, is a hands-on private equity firm focused on small and medium sized enterprises in the Netherlands and Belgium. Since its establishment in 2004, the firm has acquired a portfolio of 18 companies.

About DSM
Royal DSM 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 simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam.

Source: DSM
 


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