Sector News

DSM To Sell Euroresins To Cathay Investments

December 26, 2014
Energy & Chemical Value Chain
(RTTNews) – Royal DSM N.V. , a Dutch Life Sciences and Materials Sciences company, has inked an agreement with Cathay Investments for the sale of Euroresins for undisclosed terms. The transaction may close in the first quarter of 2015.
 
Euroresins, a distributor of products to the composite resins industry with activities in 9 countries in Europe, including the UK, Italy and France, realizes sales of around 90 million euros with nearly 70 employees. All employees would on the closing date transfer to the new owner.
 
The Euroresins sale is in line with the strategic actions DSM is pursuing for Composite Resins, as announced in November 2014.
 
Cathay Investments is the UK holding company for a group of companies engaged in chemical distribution and trading.

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