The companies plan to create a joint venture for high-performance engineering polymers incor-porating the DSM business and Lanxess’ high-performance materials (HPM) segment.
DSM’s Engineering Materials business comprises polyamides (PA6, PA66) as well as various spe-cialty materials such as PA46, PA410 and specialty polyesters, while the HPM business unit pro-duces of PA6 and PBT engineering polymers and thermoplastic fiber composites.
Plans are for Advent to hold at least 60% and Lanxess a stake of up to 40% of the joint venture as well as an initial payment of at least €1.1 billion.
“With the new joint venture, we are forging a strong global player in the field of high-performance polymers,” said Lanxess CEO Matthias Zachert. “The portfolios, value chains and global positioning of the two businesses complement each other perfectly.”
