Lanxess strengthens polymers business with Royal DSM unit

31/05/2022
Lanxess strengthens polymers business with Royal DSM unit
Germany-based chemicals company Lanxess and private equity firm Advent International have bought DSM Engineering Materials business (DEM) for €3.7 billion from Dutch group Royal DSM.

DEM supplies high-performance specialty materials for the electronics, electrical and consumer goods sectors.

For the sportswear sector, its materials are used in athletic shoes’ midsoles, waterproof and breathable finishes for textiles, golf shoe soles, ice skate parts, tennis racquet strings snowboard bindings.

DSM’s Engineering Materials business comprises polyamides (PA6, PA66) as well as various specialty materials (PA46, PA410 and specialty polyesters as well as PPS). Around 2,100 employees work for the division at eight production and seven research sites.

Lanxess’ High Performance Materials (HPM) business unit produces PA6 and PBT engineering polymers and thermoplastic fibre composites, employing 1,900 employees at 10 production and seven research sites.