PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: LANXESS

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

LANXESS Completes Acquisition of DSM Elastomers - The specialty chemicals group LANXESS has successfully completed the acquisition of DSM Elastomers. The antitrust authorities have granted the approvals that are necessary for completion. The transaction took economic effect on May 1
LANXESS Completes Acquisition of DSM Elastomers

 

NewswireToday - /newswire/ - Leverkusen, Germany, 2011/05/03 - The specialty chemicals group LANXESS has successfully completed the acquisition of DSM Elastomers. The antitrust authorities have granted the approvals that are necessary for completion. The transaction took economic effect on May 1. FRA: DE Frankfurt: LXS

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

LANXESS is paying EUR 310 million for the elastomer business of the Dutch company Royal DSM N.V. DSM Elastomers produces the synthetic rubber ethylene-propylene-diene monomer (EPDM) under the brand name Keltan. LANXESS is financing the acquisition with existing liquidity.

“The successfully completed acquisition of this elastomer business is a further milestone on our growth path,” said LANXESS CEO Axel C. Heitmann. “We will now start integrating this business into the Group. We warmly welcome the new employees to the LANXESS family.”

DSM Elastomers, based in Sittard-Geleen in the Netherlands, has roughly 420 employees worldwide. DSM Elastomers operates an EPDM facility with an annual capacity of 160,000 metric tons in Sittard-Geleen. An additional EPDM facility with a capacity of around 40,000 metric tons per year is located in Triunfo, Brazil. LANXESS plans to transfer the headquarters for the combined EPDM business from Marl (Germany) to Sittard-Geleen.

The Technical Rubber Products (TRP) business unit of LANXESS, headed by Guenther Weymans, will sell its EPDM products under the brand names Buna EP and Keltan. LANXESS currently produces EPDM at its sites in Marl, Germany, and Orange, United States.

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 14,850 employees in 24 countries. The company is represented at 45 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: LANXESS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


LANXESS Completes Acquisition of DSM Elastomers

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

LANXESS |
Publisher Contact: Daniel Smith - LANXESS.com 
+49 214 30-75179 daniel-alexander.smith[.]lanxess.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From LANXESS / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

PPG Coatings Create Showpiece Finish for Carrington Livery
METTLER TOLEDO Launches New Melting Point Excellence Instruments MP55 and MP80
Frost & Sullivan Applauds Borealis’ Dedicated Efforts to Enhance its Healthcare Brand and Sustainable Growth
PPG to Highlight Automotive Coatings At 2017 NAIAS
Voith Receives Order for BillerudKorsnäs 550.000 T/y Board Machine in Gruvön, Sweden
PPG Completes Acquisition of Romanian Paint and Coatings Manufacturer DEUTEK
SWEP Introduces New High-efficiency Single-circuit Evaporator and Condenser
ITT BIW Connector Systems Introduces Tri-Lok™ Ultra Packer Penetrator for the Upstream Oil and Gas Market
European Construction Chemicals Market Leverages Local Presence and Customised Solutions to Expand Finds Frost & Sullivan
Nexans Secures Around € 300 Million Contract to Supply LV Cables for Infrastructure Projects in Qatar through its QICC JV with Al Mirqab Capital
PPG Reaches Agreement with Knauf for Sale of Plaka Plasterboard Business
Leonardo-Finmeccanica Publishes Financial Calendar 2017
Dunn-Edwards Paints Signs Merger Agreement with Nippon Paint
International Trade Commission Issues Final Determination That Umicore Infringes BASF and Argonne National Laboratory Patents
Nexans to Connect Continents to Bring High Speed Broadband to West Africa

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Intrinsic Executive Search Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)