ENSCHEDE, The Netherlands – RESIN (Products & Technology) BV, a privately held Dutch specialty resin compounder headquartered in Enschede, The Netherlands, announced that it is in the process of acquiring the Yparex® adhesive tie-layer business of DSM Engineering Plastics, Sittard, The Netherlands. Transaction details are not being disclosed, and the sale is expected to close within the first quarter of 2011 pending regulatory and other approvals and notifications.
The Yparex business unit produces extrudable adhesive tie-layer resins that provide adhesion between all forms of poyolefin-based resins and other materials including metals and barrier plastics. Yparex adhesive tie-layer resins are widely used in three main application areas: multilayer packaging films, multilayer pipe applications and multilayer cladding panels.
The Yparex business will be operated as an independent company under the name Yparex B.V., with dedicated focus on adhesive tie-layer resins. Yparex B.V. will be headquartered at its current location on Chemelot Campus in Geleen, The Netherlands. The business will also maintain strong ties with RESIN’s own product-development capabilities and commercial network. RESIN has agreed to sign a compounding agreement with DSM Engineering Plastics to retain production in Genk, Belgium, during the transition period, as well as service agreements with DSM Ahead and DSM Solutions for ongoing R&D support to the Yparex business.