12 June 2007
12 June 2007
DSM Composite Resins has sold its Uraplast Polymeric Plasticizer Resins Business to Polynt.
DSM is one of Europe’s leading suppliers of polymeric plasticizer resins for PVC, elastomers, adhesives, coatings and other applications, traded under the name Uraplast. The company’s core activities however are within the composites sector in unsaturated polyester resins and sizings & binders. As part of its strategy to lead the composites industry, DSM Composite Resins took the decision to divest the Uraplast business.
Polynt S.p.A., a specialty chemical company listed on the Italian Stock Exchange, is active in the niche market of chemical intermediates for polymer production.The acquisition of the Uraplast polymeric plasticizers business is a good fit and an attractive addition to its current portfolio. The sale transfers all intellectual property, including rights to the Uraplast tradename, together with product formulations, production procedures and commercial information; as well as inventories of finished stock and raw materials.
No employees, production facilities or fixed assets will transfer with the business. To ensure continuity of supply to customers, DSM will continue to produce Uraplast products at its facility in Schoonebeek, the Netherlands, under a toll agreement between the two companies. This will continue until such a time that Polynt has fully migrated the new products and technologies.