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LANXESS has successfully completed the acquisition of DSM Elastome

May 05/2011

(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.

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