SITTARD, THE NETHERLANDS - The Dutch chemical group DSM NV has sold the last of four plants of its Fardem Packaging SA business subsidiary to a management group. The Rousset, France, facility makes industrial film and packaging. It was purchased by a group headed by the plant manager, according to Denis Ancion, a spokesman for Sittard-based DSM.
Since 1993, DSM has sold three other Fardem plants. The Louth, England site, which also made industrial packaging, was sold to an independent management team. The Edam, Netherlands, and Beerse, Belgium sites, which made both industrial and consumer films and packaging, were sold to Schuttarzeld NV of Zeist, Netherlands. All four plants continue to make packaging under the Fardem name.
Ancion said the packaging converter was sold because it did not fit with the core of DSM's business. DSM makes chemicals and plastic resins.