Borealis set to buy DEXPlastomers business

Published: November 12, 2012 6:00 am ET

Related to this story

Topics Materials Mergers & Acquisitions Suppliers
Companies & Associations

VIENNA (Nov. 12, 12:45 p.m. ET) — Polyolefins producer Borealis AG has agreed to buy DEXPlastomers V.O.F., based in Geleen, the Netherlands, which makes polyolefin-based plastomer materials.

Borealis is acquiring the business from its joint-venture owners DSM Nederland BV and ExxonMobil Chemical Co., which each hold a 50 percent share. No terms were announced.

DEXPlastomers has two product families in its portfolio. Its Exact metallocene plastomers are low density materials that bridge the gap between conventional polyolefins and elastomers. They are used in blends with polyolefins in flexible packaging, film, sheet and other applications.

The Stamylex range of products are octane linear low and high density polyethylenes, used in a variety of specialty film, molding and extrusion coating applications.

Borealis said in a statement: “The products of DEXPlastomers are specialties complementary to Borealis’ current innovative plastic solutions. The agreement made with ExxonMobil Benelux Holdings BV and DSM Nederland BV underpins Borealis’ commitment to its Value Creation through Innovation strategy, as Borealis believes there is significant potential in DEXPlastomers’ technology.”

DSM said DEXPlastomers’ sales in 2012 are expected to be approximately 180 million euros ($228 million). There are 95 DSM employees affected by the transaction.

DSM said: “For DSM, a sale of DEXPlastomers is in line with its long-term focus of being a Life Sciences and Materials Sciences company, active in health, nutrition and materials.”


Comments

Borealis set to buy DEXPlastomers business

Published: November 12, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

North American Pipe unit lab to focus on 'modern, innovative' formulations

March 31, 2015 3:25 pm ET

North American Specialty Products LLC — a unit of North American Pipe Corp. — has opened a new material science lab in Leola, Pa.    More

Image

Top suppliers of engineering polymers

March 31, 2015 12:16 pm ET

   More

Image

Polymer Additives, Lubrizol expansions win tax incentives

March 31, 2015 10:22 am ET

Proposed expansions by Polymer Additives Inc. in Cuyahoga County, Ohio, and Lubrizol Corp. in Lake County, Ohio, were among 12 projects statewide...    More

Image

BPF warns of materials shortages

March 31, 2015 10:11 am ET

The British Plastics Federation (BPF) has warned the whole plastics supply chain that plastics processors are currently facing shortages of certain ke...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events