DSM and CVC finalize partnership for Polymer Intermediates and Composite Resins
(Thomson Reuters ONE) -
Royal DSM, the Life Sciences and Materials Sciences company, and CVC Capital
Partners (CVC), one of the world's leading investment advisory firms, today
announced that the partnership for DSM's activities in Polymer Intermediates
(Caprolactam and Acrylonitrile) and Composite Resins through the formation of a
new company, ChemicaInvest B.V., has been finalized. The partnership was
announced on 16 March 2015.
With all regulatory approvals now received, DSM and CVC have completed the
transaction effective as per 31 July 2015. All approximately 1,900 employees
have transferred to ChemicaInvest, which is 65% owned by CVC and 35% by DSM.
DSM contributed its global caprolactam business (Europe, North America, its 60%
stake in DNCC (China) and the caprolactam licensing business), acrylonitrile
business and composite resins business including its 75% stake in JDR (China).
DSM's 65% stake in the service organization Sitech Services held via its
caprolactam and acrylonitrile businesses was also transferred. ChemicaInvest
operates as an independent company with three business units: caprolactam,
acrylonitrile and composite resins.
CVC Capital Partners
CVC Capital Partners (CVC) is one of the world's leading private equity and
investment advisory firms. Founded in 1981, CVC today has a network of over 20
offices and over 300 employees throughout Europe, Asia and the US. Currently,
CVC manages funds on behalf of over 300 investors from North America, Europe,
Asia and the Middle East, who entrust their capital to CVC for periods of 10
years or more. To date, CVC has secured commitments of over US$60 billion in
funds from a diverse and loyal investor base, completing over 300 investments in
a wide range of industries and countries across the globe, with an aggregate
transaction value of over US$120 billion. www.cvc.com
DSM - Bright Science. Brighter Living.(TM)
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. More information
can be found at www.dsm.com.
Or find DSM on:
For more information:
DSM Corporate Communications CVC Capital Partners
Herman Betten Carsten Huwendiek
tel. +31 (0) 45 5782017 tel.: +44 (0) 20 7420 4240
e-mail media.contacts(at)dsm.com e-mail: chuwendiek(at)cvc.com
DSM Investor Relations
Dave Huizing
tel.: +31 (0) 45 578 2864
e-mail: dave.huizing(at)dsm.com
Press release-PDF:
http://hugin.info/130663/R/1942955/703188.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DSM N.V. via GlobeNewswire
[HUG#1942955]
Unternehmensinformation / Kurzprofil:
Datum: 31.07.2015 - 17:45 Uhr
Sprache: Deutsch
News-ID 410772
Anzahl Zeichen: 4025
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Kategorie:
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