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DSM sells protective materials business for more than 1.4 billion euros

 Last Update: 2022-05-18
 Source: Internet
 Author: User

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DSM announced on April 20 that it will sell its protective materials business to Avient for a value of 1.

The proposed transaction includes all of DSM's protective materials businesses, the most important of which are Dyneema, an ultra-high molecular weight polyethylene and the "world's strongest" man-made fiber

In 2021, DSM's Protective Materials business will generate EUR 335 million in total sales and EBITDA of EUR 105 million

DSM announced in September 2021 that it would explore a sale of its materials business as part of the company's plans to focus on health, nutrition and biosciences

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