TAGS: Polymer Reinforcement
Royal DSM announces the completion of the sale of its Protective Materials business to Avient Corporation for an enterprise value of 1.45 billion euros. The agreement was initially announced on 20 April 2022.
Transaction Covers Dyneema® Brand
The transaction covers all of DSM’s Protective Materials activities, chiefly consisting of Dyneema®. DSM anticipates a book profit of around 1 billion euros. DSM will receive approximately 1.35 billion euros net in cash.
The ultra-high molecular weight polyethylene (UHMwPE) fiber branded as Dyneema® offers maximum strength with minimum weight. This makes the number of possible applications virtually unlimited.
It is 15 times stronger than steel and is used in demanding applications such as ballistic personal protection, marine and sustainable infrastructure, renewable energy, industrial protection, and outdoor sports.
Source: DSM