DSM announced on April 20 that it will sell its protective materials business to Avient for a value of 1.
44 billion euros (about 10.
1 billion yuan).
The transaction is expected to be completed in the second half of this year
.
The proposed transaction includes all of DSM's protective materials businesses, the most important of which are Dyneema, an ultra-high molecular weight polyethylene and the "world's strongest" man-made fiber
.
In 2021, DSM's Protective Materials business will generate EUR 335 million in total sales and EBITDA of EUR 105 million
.
After deducting transaction costs and taxes, DSM expects to receive 1.
33 billion euros in cash
.
DSM announced in September 2021 that it would explore a sale of its materials business as part of the company's plans to focus on health, nutrition and biosciences
.
