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    Home > Chemicals Industry > International Chemical > DSM sells protective materials business for more than 1.4 billion euros

    DSM sells protective materials business for more than 1.4 billion euros

    • Last Update: 2022-05-18
    • Source: Internet
    • Author: User
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    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
    .



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