Resin BV to Acquire YparexBusiness from DSM Engineering Plastics
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.
Based on maleic anhydride-(MaH)-modified and functionalized polyolefin compounds, the Yparex business unit produces extrudable adhesive tie-layer resins that provide outstanding adhesion between all forms of poyolefin-based resins and other materials including metals (aluminium, steel, and copper) and barrier plastics (polyamides (nylons) and ethylene vinyl alcohol (EVOH)).
As such, Yparex adhesive tie-layer resins are widely used in three main application areas: multilayer packaging films (e.g. barrier films for food packaging, industrial films with oxygen barrier, and multilayer non-food packaging with improved puncture resistance and mechanical properties); multilayer pipe applications (e.g. protective pipe for cabling, barrier pipe for floor and wall heating and cooling, and diffusion-free composite (metal/plastic) pipe that is corrosion resistant and operates at temperatures up to 95 CG); and multilayer cladding panels (lower cost, lightweight composites used in the construction industry to face buildings).
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 (the chemical innovation community) at Geleen, The Netherlands, and 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. Resin will continue to invest in the Yparex business in order to develop new markets and applications and to support continued growth for the business.
Frans Haafkens, managing director, Resin said, “We are very excited about having the Yparex product line and management team join us. We see the Yparex technology and know-how as being very complimentary to our own portfolio, and we look forward to collaborating with the bright and knowledgeable people of the Yparex team in helping us find new application areas, plus new synergies with our other product offerings.”
Wouter van den Berg, product manager of the current Yparex business adds, “We believe that Resin’s strategy to position the Yparex business as a dedicated organisation focussed on becoming a recognised tie-layer specialist makes a lot of sense and we are looking forward to the prospect of putting the innovative powers of Resin and Yparex together.”