Royal DSM N.V., a Netherlands-based manufacturer of nutritional and pharma products, has sold the business unit Thermoplastic Elastomers (Sarlink), part of the business group DSM Elastomers, to Teknor Apex Company, a US-based material science company.
Announcement (September 15, 2010):
Royal DSM has reached an agreement to sell the business unit Sarlink of DSM Elastomers to Teknor Apex.
Following the transaction, the acquired business unit will operate as an integral part of Teknor Apex, it will continue to sell its TPVs (thermoplastic vulcanizate) under the Sarlink name.
Sarlink has compounding operations in Leominster (Massachusetts, US) and Genk (Belgium). The intended sale is expected to close in Q4 2010.
Deal Participants
Deal Rationale
The addition of the Sarlink TPV business strengthens the position of Teknor Apex as the most diversified independent compounder of TPEs and expands its portfolio at the high-performance end, particularly for automotive applications. The sale of Sarlink is an important step for DSM in its ongoing transformation towards a Life Sciences and Materials Sciences company.
Announcement (September 15, 2010):
Royal DSM has reached an agreement to sell the business unit Sarlink of DSM Elastomers to Teknor Apex.
Following the transaction, the acquired business unit will operate as an integral part of Teknor Apex, it will continue to sell its TPVs (thermoplastic vulcanizate) under the Sarlink name.
Sarlink has compounding operations in Leominster (Massachusetts, US) and Genk (Belgium). The intended sale is expected to close in Q4 2010.
Deal Participants
Deal Rationale
The addition of the Sarlink TPV business strengthens the position of Teknor Apex as the most diversified independent compounder of TPEs and expands its portfolio at the high-performance end, particularly for automotive applications. The sale of Sarlink is an important step for DSM in its ongoing transformation towards a Life Sciences and Materials Sciences company.
