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

Automakers look under the hood for the next lightweighting opportunities

August 20, 2014 1:06 pm ET

The automotive industry's current favorite target for lightweighting efforts is the powertrain, according to a recent survey.    More

Image

Small country introducing plastic coins

August 20, 2014 10:48 am ET

You've heard of countries adopting plastic currency, to replace paper money. How about plastic coins, to replace metal? It's hard to believe but true....    More

Image

Has the current M&A cycle peaked?

August 20, 2014 11:55 am ET

Plastics M&A veteran Thomas Blaige has called the peak of the current investment cycle.    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for $...    More

Market Reports

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

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events