{"id":377895,"date":"2022-06-01T09:50:32","date_gmt":"2022-06-01T07:50:32","guid":{"rendered":"https:\/\/innovationorigins.com\/?post_type=selected&p=377895"},"modified":"2022-06-01T09:50:32","modified_gmt":"2022-06-01T07:50:32","slug":"dsm-announces-sale-of-engineering-materials-business","status":"publish","type":"selected","link":"https:\/\/ioplus.nl\/archive\/en\/selected\/dsm-announces-sale-of-engineering-materials-business\/","title":{"rendered":"DSM announces sale of Engineering Materials business"},"content":{"rendered":"\n

Royal DSM, a global purpose-led science-based company, today announces that it has reached an agreement to sell its Engineering Materials business to Advent International and LANXESS for an Enterprise Value of \u20ac3.85 billion, so DSM in a press release<\/a>.<\/p>\n\n\n\n

The proposed transaction marks the conclusion of DSM\u2019s review of strategic options for its two Materials businesses and, following the agreement to sell DSM Protective Materials<\/a> to Avient Corporation in April, the transformation of DSM into a focused science-based leader in Health, Nutrition & Bioscience.<\/p>\n\n\n\n

DSM Engineering Materials represented \u20ac1.5 billion of DSM\u2019s total annual net sales and \u20ac334 million of DSM\u2019s total Adjusted EBITDA for 2021. DSM expects to receive about \u20ac3.5 billion net in cash following closing, after transaction costs and capital gains tax.<\/p>\n\n\n

<\/a>
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DSM to become a Health, Nutrition & Bioscience company<\/div>
Royal DSM, a global, science-based company, made the strategic decision to fully focus its resources and capabilities to address the urgent societal and environmental challenges.<\/div><\/div><\/div>\n\n\n

Materials company<\/h2>\n\n\n\n

DSM Engineering Materials will become part of a newly created joint venture, together with LANXESS\u2019s High Performance Materials business, which will be co-owned by Advent International (60 percent) and LANXESS (40 percent). This will create a new global specialty materials company with the focus and investment that can drive the development of customer-focused innovation, in particular for industry\u2019s transition to bio-based and circular solutions. The transaction will create a platform for further growth for DSM Engineering Materials and its people. Completion of the transaction, which is subject to the customary conditions and approvals, is expected in H1, 2023.<\/p>\n\n\n\n

Geraldine Matchett and Dimitri de Vreeze, Co-CEOs of DSM, commented: \u201cIn reviewing possible futures for DSM\u2019s Materials businesses, we have found tremendous new homes where they will be core to each new owner\u2019s growth ambitions. DSM Engineering Materials has been a purpose-led, performance-driven frontrunner thanks to its global talented team since the 1980s. We are certain Advent International and LANXESS will be good new owners in a transaction that is strategically attractive for all parties as we focus DSM on improving people\u2019s health and well-being. DSM has a track record of successful transformation over the past half century, and we are well underway in another such moment of strategic change.\u201d<\/p>\n\n\n\n

Read the press release here.<\/a><\/p>\n","protected":false},"author":1760,"featured_media":514985,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":""},"categories":[8553],"tags":[127866,29458,3940,2961],"location":[6763],"internal_archives":[],"class_list":["post-377895","selected","type-selected","status-publish","has-post-thumbnail","hentry","category-digital","tag-bioscience","tag-dsm-en","tag-gezondheid","tag-innovatie","location-netherlands"],"blocksy_meta":[],"acf":[],"featured_img":"https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/04\/DSM.png","coauthors":[],"author_meta":{"author_link":"https:\/\/ioplus.nl\/archive\/author\/arnoud-cornelissen\/","display_name":"Arnoud Cornelissen"},"relative_dates":{"created":"Posted 4 years ago","modified":"Updated 4 years ago"},"absolute_dates":{"created":"Posted on June 1, 2022","modified":"Updated on June 1, 2022"},"absolute_dates_time":{"created":"Posted on June 1, 2022 9:50 am","modified":"Updated on June 1, 2022 9:50 am"},"featured_img_caption":"","tax_additional":{"category":{"linked":["Digital<\/a>"],"unlinked":["Digital<\/span>"],"slug":"category","name":"Categories"},"post_tag":{"linked":["bioscience<\/a>","DSM<\/a>","gezondheid<\/a>","innovatie<\/a>"],"unlinked":["bioscience<\/span>","DSM<\/span>","gezondheid<\/span>","innovatie<\/span>"],"slug":"post_tag","name":"Tags"},"language":{"linked":["EN<\/a>"],"unlinked":["EN<\/span>"],"slug":"language","name":"Tags"},"post_translations":{"linked":["pll_62971a78b8296<\/a>"],"unlinked":["pll_62971a78b8296<\/span>"],"slug":"post_translations","name":""},"location":{"linked":["Netherlands<\/a>"],"unlinked":["Netherlands<\/span>"],"slug":"location","name":"Locations"},"internal_archives":{"linked":[],"unlinked":[],"slug":"internal_archives","name":"Internal Archives"}},"series_order":"","_links":{"self":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/selected\/377895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/selected"}],"about":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/types\/selected"}],"author":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/users\/1760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media\/514985"}],"wp:attachment":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media?parent=377895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/categories?post=377895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/tags?post=377895"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/location?post=377895"},{"taxonomy":"internal_archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/internal_archives?post=377895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}