Covestro successfully completes the acquisition of DSM's resin and functional materials business

Covestro will become one of the world's leading suppliers of sustainable coating resins

On April 1, 2021, Covestro successfully completed the acquisition of the resin and functional materials business (RFM) of the Dutch Royal DSM Group.
After Covestro and DSM signed an acquisition agreement at the end of September last year, the transaction was approved by the regulatory authorities.
The transaction significantly expanded Covestro's product portfolio in the field of sustainable coating resins, making it one of the world's leading suppliers in this high-growth market.
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The integration of RFM will increase Covestro's sales by approximately 1 billion euros and add more than 20 bases to its global production network.

"The acquisition of RFM is an important step for us to implement the new group strategy.

Through this acquisition, Covestro will expand its business in some areas.
Covestro is already one of the leading manufacturers in the field of waterborne polyurethane dispersions.
Through the acquisition of RFM, Covestro will add a full range of water-based polyacrylate resin business, strong brands in sustainable development fields such as Niaga®, a series of additive manufacturing solutions, and advanced solar anti-reflective coating business.
In addition, Covestro will further enrich its technology portfolio, which includes a variety of water-based technologies, powder coating resins and radiation curing resin technologies.

Sucheta Govil, Chief Commercial Officer of Covestro, said: "This transaction will bring us more innovative products and technologies, and strengthen our broad product portfolio, so that we can meet customer needs in the most ideal way.
Now, our focus is on integrating the team, taking advantage of talents, and striving to provide support for our new and existing customers.
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After a comprehensive analysis, Covestro predicts that by 2025, after the full integration is completed, the value created by long-term synergies is expected to reach approximately 120 million euros per year, including approximately two-thirds of cost synergies and one-third of revenue.
Synergistic effect.

About Covestro:

Covestro is one of the world's leading polymer producers, with sales of 10.