DSM Engineering Plastics Sells Yparex Business to Resin
DSM Engineering Plastics B.V., Sittard, Netherlands, has reached an agreement for the sale of its Yparex adhesives business to compounding company Resin (Products & Technology) B.V., Enschede, Netherlands.
The sale is expected to close in the first quarter of 2011, subject to regulatory and other customary approvals and notifications.
The Yparex business produces adhesives tie-layer resins that are extrudable maleic anhydride-(MaH)-modified and functionalized polyolefin compounds. These are used in numerous industrial applications such as sanitary and heating pipes, floor and wall heating (or cooling), copper and steel pipe coating, film applications, cables and cladding panels.
DSM Engineering believes that the Yparex product line has a better fit and more growth opportunity with the new owner. The business will be positioned as an independent company, headquartered in Geleen, Netherlands, and its current four employees will transfer to the new owner.
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