The transaction is expected to close in Q1 2015.
Euroresins is a distributor of products to the composite resins industry with activities in nine countries in Europe, including the United Kingdom, Italy and France. It realizes sales of approximately €90 million with around 70 employees. All employees will on the closing date transfer to the new owner.
New strategy
The sale of Euroresins is in line with the strategic actions DSM is pursuing for composite resins. Cathay Investments is a UK holding company for a group of companies engaged in chemical distribution and trading.