DSM completes sale of DSM Elastomers to LANXESS
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, today
announces that it has completed the sale of DSM Elastomers to LANXESS for ? 310
million on a cash and debt-free basis. This completes the final stage of the
transformation of DSM that began with the divestment program DSM announced in
September 2007 as part of its Accelerated Vision 2010 program.
After all regulatory approvals were received DSM and LANXESS completed the
transaction effective as per 1 May 2011. The transaction, which was announced on
14 December 2010, will result in a book profit of more than ? 100 million for
DSM in Q2 2011.
DSM Elastomers produces the synthetic rubber ethylene-propylene-diene monomer
(EPDM) under the brand name Keltan(®). DSM Elastomers, based in Sittard-Geleen
in the Netherlands, has roughly 420 employees worldwide and will become part of
the Technical Rubber Products business unit of LANXESS. Employees have
transferred to the new owner. LANXESS plans to transfer the headquarters for the
combined EPDM business from Marl (Germany) to Sittard-Geleen.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. 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. DSM delivers
innovative solutions that nourish, protect and improve performance in global
markets such as food and dietary supplements, personal care, feed,
pharmaceuticals, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based materials. DSM's
22,000 employees deliver annual net sales of about ? 9 billion. The company is
listed on NYSE Euronext. More information can be found at www.dsm.com
For more information:
DSM Corporate Communications DSM Investor Relations
Herman Betten Hans Vossen
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680 fax +31 (0) 10 4590275
e-mail media.relations(at)dsm.com e-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1511678/447103.pdf
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DSM N.V. via Thomson Reuters ONE
[HUG#1511678]
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 54146
Anzahl Zeichen: 3183
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Kategorie:
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