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(Lanxess) -- Lanxess is paying EUR 310
million for the elastomer business of the Dutch company Royal DSM N.V. DSM
Elastomers produces the synthetic rubber ethylene-propylene-diene monomer (EPDM)
under the brand name Keltan. Lanxess is financing the acquisition with existing
liquidity.
DSM Elastomers, based in Sittard-Geleen in the Netherlands, has roughly
420 employees worldwide. DSM Elastomers operates an EPDM facility with an annual
capacity of 160 KT in Sittard-Geleen. An additional EPDM facility with a
capacity of around 40 KTa is located in Triunfo, Brazil. LANXESS plans to
transfer the headquarters for the combined EPDM business from Marl (Germany) to
Sittard-Geleen.
The Technical Rubber Products (TRP) business unit of Lanxess, headed by
Guenther Weymans, will sell its EPDM products under the brand names Buna EP and
Keltan.
mrcplast.com
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