Headlines

LANXESS to Acquire DSM Elastomers

December 22, 2010
/ Print / Reprints /
ShareMore
/ Text Size+

LANXESS and Dutch company Royal DSM N.V. have reached an agreement in principle involving the sale of DSM Elastomers to LANXESS for €310 million (~ $432 million) on a cash and debt-free basis. DSM Elastomers produces the synthetic rubber ethylene propylene diene monomer (EPDM) under the brand name Keltan.

The transaction contracts will be finalized after a consultation process with the employees’ representatives of DSM in the Netherlands has been completed. The transaction is subject to approval from antitrust authorities. Closing is expected in early 2011.

“We look forward to welcoming DSM’s professional EPDM team, as well as its impressive assets to our core synthetic rubber activities,” said Axel C. Heitmann, CEO of LANXESS. “The transaction will also be an important step toward our goal of achieving roughly €1.4 billion (~ $1 billion) EBITDA pre-exceptionals in 2015.”

“The sale of DSM Elastomers completes our Vision 2010 strategy to become a focused life sciences and materials sciences company,” said Feike Sijbesma, CEO/chairman, DSM Managing Board.

For additional details, visit www.lanxess.com or www.dsm.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI July 2014 cover

2014 July

Our annual Distributor Directory helps you locate a distributor that best suits your needs. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px