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LANXESS Completes Acquisition of DSM Elastomers - The specialty chemicals group LANXESS has successfully completed the acquisition of DSM Elastomers. The antitrust authorities have granted the approvals that are necessary for completion. The transaction took economic effect on May 1
LANXESS Completes Acquisition of DSM Elastomers

 

PRZOOM - /newswire/ - Leverkusen, Germany, 2011/05/03 - The specialty chemicals group LANXESS has successfully completed the acquisition of DSM Elastomers. The antitrust authorities have granted the approvals that are necessary for completion. The transaction took economic effect on May 1. FRA: DE Frankfurt: LXS

   
 
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LANXESS is paying EUR 310 million for the elastomer business of the Dutch company Royal DSM N.V. DSM Elastomers produces the synthetic rubber ethylene-propylene-diene monomer (EPDM) under the brand name Keltan. LANXESS is financing the acquisition with existing liquidity.

“The successfully completed acquisition of this elastomer business is a further milestone on our growth path,” said LANXESS CEO Axel C. Heitmann. “We will now start integrating this business into the Group. We warmly welcome the new employees to the LANXESS family.”

DSM Elastomers, based in Sittard-Geleen in the Netherlands, has roughly 420 employees worldwide. DSM Elastomers operates an EPDM facility with an annual capacity of 160,000 metric tons in Sittard-Geleen. An additional EPDM facility with a capacity of around 40,000 metric tons per year is located in Triunfo, Brazil. LANXESS plans to transfer the headquarters for the combined EPDM business from Marl (Germany) to Sittard-Geleen.

The Technical Rubber Products (TRP) business unit of LANXESS, headed by Guenther Weymans, will sell its EPDM products under the brand names Buna EP and Keltan. LANXESS currently produces EPDM at its sites in Marl, Germany, and Orange, United States.

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 14,850 employees in 24 countries. The company is represented at 45 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

 
 
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Agency / Source: LANXESS

 
 

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LANXESS Completes Acquisition of DSM Elastomers

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LANXESS |
Contact: Daniel Smith - LANXESS.com 
+49 214 30-75179 daniel-alexander.smith[.]lanxess.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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 LANXESS securities in any jurisdiction including any other companies listed or named in this release.

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