RESIN (Products & Technology) BV to Acquire Yparex® Business from DSM Engineering Plastics
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DSM Engineering Plastics
233 Arvin Ave.
Stoney Creek, ON, L8E2L9
Press release date: February 3, 2011
ENSCHEDE, THE NETHERLANDS - RESIN (Products & Technology) BV, a privately held Dutch specialty-resin compounder headquartered here, today announced that it is in the process of acquiring the Yparex® adhesive tie-layer business of DSM Engineering Plastics (Sittard, The Netherlands). Transaction details are not being disclosed, and the sale is expected to close within the first quarter of 2011 pending regulatory and other approvals and notifications.
Based on maleic anhydride-(MaH)-modified and functionalized polyolefin compounds, the Yparex business unit produces extrudable adhesive tie-layer resins that provide outstanding adhesion between all forms of poyolefin-based resins and other materials including metals (aluminium, steel, and copper) and barrier plastics (polyamides (nylons) and ethylene vinyl alcohol (EVOH)). As such, Yparex adhesive tie-layer resins are widely used in three main application areas: multilayer packaging films (e.g. barrier films for food packaging, industrial films with oxygen barrier, and multilayer non-food packaging with improved puncture resistance and mechanical properties); multilayer pipe applications (e.g. protective pipe for cabling, barrier pipe for floor and wall heating and cooling, and diffusion-free composite (metal/plastic) pipe that is corrosion resistant and operates at temperatures up to 95C); andmultilayer cladding panels (lower cost, lightweight composites used in the construction industry to face buildings).
The Yparex business will be operated as an independent company under the name Yparex B.V., with dedicated focus on adhesive tie-layer resins. Yparex B.V. will be headquartered at its current location on Chemelot Campus (the chemical innovation community) at Geleen, The Netherlands, and will also maintain strong ties with RESIN's own product-development capabilities and commercial network. RESIN has agreed to sign a compounding agreement with DSM Engineering Plastics to retain production in Genk , Belgium , during the transition period, as well as service agreements with DSM Ahead and DSM Solutions for ongoing R&D support to the Yparex business. RESIN will continue to invest in the Yparex business in order to develop new markets and applications and to support continued growth for the business.
Frans Haafkens, managing director, RESIN said, "We are very excited about having the Yparex product line and management team join us. We see the Yparex technology and know-how as being very complimentary to our own portfolio, and we look forward to collaborating with the bright and knowledgeable people of the Yparex team in helping us find new application areas, plus new synergies with our other product offerings." Wouter van den Berg, product manager of the current Yparex business adds, "We believe that RESIN's strategy to position the Yparex business as a dedicated organisation focussed on becoming a recognised tie-layer specialist makes a lot of sense and we are looking forward to the prospect of putting the innovative powers of RESIN and Yparex together."
RESIN (Products & Technology) B.V.
RESIN is an innovative compounding company with a strong focus on developing and commercializing environmentally friendly, specialty thermoplastic compounds. RESIN offers compounds and concentrates of rigid and elastomeric thermoplastic polyolefins whose performance has been enhanced in the functional areas of halogen-free flame retardance, improved barrier properties, and/or improved mechanical properties, with or without colorant. RESIN serves a broad customer base in the automotive, construction, packaging, and consumer-goods industries. More information: http://resintechnology.nl.
DSM Engineering Plastics
DSM Engineering Plastics is one of the world's leading suppliers of quality engineering thermoplastics providing customer value through sustainable solutions that reflect the DSM People, Planet and Profit strategy. DSM Engineering Plastics delivers innovative opportunities for customers who design or produce electrical applications, electronic equipment, cars, barrier packaging films as well as many mechanical and extrusion applications. These markets are served with a broad portfolio of high performance materials including Akulon® and Novamid® 6 and 66 polyamides, Arnitel® TPC , Arnite® PBT and PET polyesters, Yparex extrudable adhesive resins, and Stanyl® high-heat 46 polyamides. Most recently, DSM Engineering Plastics has introduced the first new polymer of the 21st century: Stanyl®ForTii(TM) and has expanded its portfolio with two bio-based, high-performance engineering plastics, EcoPaXX(TM) and Arnitel® Eco. DSM Engineering Plastics had sales in 2009 of EUR 648 million and employs some 1600 people worldwide. More information: www.dsmep.com.
DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates solutions that nourish, protect and improve performance. Its end markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM manages its business with a focus on the triple bottom line of economic performance, environmental quality and social responsibility, which it pursues simultaneously and in parallel. DSM has annual net sales of about Euros 8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands , with locations on five continents. DSM is listed on Euronext Amsterdam. More information: www.dsm.com.