Sector News

DSM To Sell Euroresins To Cathay Investments

December 26, 2014
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.

Related News

September 22, 2020

Saudi Arabia’s SIIG and Petrochem in merger talks

Chemical Value Chain

Saudi Industrial Investment Group (SIIG; Riyadh) and National Petrochemical Co. (Petrochem; Jubail, Saudi Arabia) say they have started talks over a potential merger of the two companies. SIIG and Petrochem […]

September 22, 2020

Solvay to cut hydrogen peroxide capacity in Europe under realignment

Chemical Value Chain

Solvay has launched its Peroxides for the Future (P4F) program, a multi-year plan to adapt its peroxides industrial footprint in EMEA and make product available where customers need it most. […]

September 21, 2020

INEOS Styrolution and Trinseo Advance Plans for First European Polystyrene Recycling Plant in France

Chemical Value Chain

INEOS Styrolution and Trinseo, global leaders in the manufacturing of polystyrene and other styrenic materials, announced today that they are advancing plans to build the first-of-its-kind polystyrene recycling plant based […]