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DSM to Sell DSM Synres to Standard Investment - Royal DSM, the global Life Sciences and Materials Sciences company, today announces it has reached agreement with Standard Investment for the sale of DSM Synres - DSM.com
DSM to Sell DSM Synres to Standard Investment

 

PRZOOM - /newswire/ - Heerlen, Netherlands, 2014/12/17 - Royal DSM, the global Life Sciences and Materials Sciences company, today announces it has reached agreement with Standard Investment for the sale of DSM Synres - DSM.com. Euronext: DSM KON

   
 
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Subject to customary approvals and notifications, the transaction is expected to close in Q1 2015. Financial details will not be disclosed at this time.

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 (dsm.com) realizes sales of approximately €50 million with around 80 employees. All employees will on the closing date transfer to the new owner. Under the new ownership, Synres will continue to focus on solvent-borne coating resins for the global market.

The sale of DSM Synres is in line with DSM’s strategy for its Performance Materials cluster to improve performance via among other things upgrading its portfolio. In coating resins DSM is focusing on sustainable technologies such as water-based, powder and UV-curing coatings for end markets including decorative paints, high-end flooring, industrial wood, graphic arts and numerous metal applications.

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.

 
 
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Agency / Source: Royal DSM N.V.

 
 

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DSM to Sell DSM Synres to Standard Investment

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DSM Synres | Standard Investment
Contact: Herman Betten - DSM.com 
+31(0)45 5782017 media.relations[.]dsm.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Royal DSM N.V. securities in any jurisdiction including any other companies listed or named in this release.

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