01 December 2008
01 December 2008
DSM Composite Resins and BÜFA intend to start up a strategic cooperation in two joint venture agreements.
One company will be focused on combining their European businesses in gelcoats, bonding pastes, pigment pastes and fire retardants. The other will create a pan-European distributor focused on the composite industry by combining both companies' existing European distribution activities into one enterprise. Both joint ventures will be headquartered in Germany.
The cooperation is expected to go into effect in January 2009 subject to approval of the competent authorities.
“BÜFA is one of Europe’s biggest suppliers of resin specialities in the composite market” says Jürgen Aurer, Managing Director BÜFA Reaktionsharze GmbH & Co. KG. “The heart of our activities is the modern production facility in Rastede, North Germany. The key competences of BÜFA and DSM are very complementary. Operating in a common business structure will allow us to offer an optimal portfolio of high quality gelcoats, fire retardant products, bonding pastes and pigment pastes to our customers”.
“Currently DSM Composite Resins owns Euroresins, the largest European composite distribution group” says Michael Effing, President DSM Composite Resins. “Our intention is to create a leading pan-European composite distributor together with BÜFA by combing DSM's and BÜFA's distribution activities under one umbrella. This combination will create a true pan European distributor dedicated to the composite industry which can offer a complete, first class product portfolio to its customers, backed by superb technical service.