Lanxess and Advent to acquire DSM’s Engineering Materials business for USD4 billion

News
M&A

The new JV, combining the individual materials businesses of Lanxess and DSM, is expected to account for an annual sales revenue of USD3.2 billion

German specialty chemicals company Lanxess announced via press release on 31 May that it would be partnering with American private equity investment company Advent to form a engineering polymers joint venture (JV) company that will acquire Dutch Corporation DSM’s Engineering Materials business.

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