Borealis completes acquisition of DEXPlastomers

EUROPEAN PLASTICS NEWS

Published: March 5, 2013 9:14 am ET
Updated: March 5, 2013 9:17 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

GELEEN, NETHERLANDS — Polyolefins producers Borealis has completed its acquisition of DEXPlastomers, a maker of polyolefin-based plastomer materials based in Geleen.

Borealis acquired the business from previous joint-venture owners DSM NV and ExxonMobil Chemical Co., which each held a 50 percent share. No terms were announced.

"We are happy to welcome our new colleagues in Geleen to the Borealis Group and look forward to a successful integration," said Borealis chief executive Mark Garrett in a statement. "Both companies develop innovative solutions with added value for our customers; our products are complementary and will broaden our current product portfolio."

DEXPlastomers has two product families in its portfolio. Its Exact metallocene plastomers are low density materials which bridge the gap between conventional polyolefins and elastomers, says DEXPlastomers. 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 is transferring 100 DEXPlastomers' employees to Borealis and Borealis-owned companies, and has started integrating the new site.


Comments

Borealis completes acquisition of DEXPlastomers

EUROPEAN PLASTICS NEWS

Published: March 5, 2013 9:14 am ET
Updated: March 5, 2013 9:17 am ET

Post Your Comments


Back to story


More stories

Image

DuPont investing $100 million for more ethylene copolymer capacity

September 16, 2014 1:51 pm ET

Increased packaging demand is leading materials giant DuPont Co. to spend more than $100 million to increase capacity for ethylene copolymers at its...    More

Image

Latvian plastics recycler Nordic Plast boosts capacity

September 16, 2014 10:15 am ET

Latvian plastics waste recycler Nordic Plast Ltd. has invested more than 2.5 million euros ($3.2 million) to expand capacity and modernize production ...    More

Image

Increased capacity in the US helps Zeon Chemical supply seals globally

September 16, 2014 9:46 am ET

The automotive industry continues to be one of the driving forces of Zeon Chemicals LP., which specializes in heat-resistant and oil-resistant...    More

Image

Material Insights: Commerical production of antibacterial polymers begins

September 15, 2014 1:55 pm ET

PET bottle resin prices rise, we talk shale gas and antibacterial polymers.    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German su...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events