Royal DSM, the global life sciences and materials sciences company headquartered in the Netherlands, today announces that it has reached an agreement regarding the sale of the business unit Thermoplastic Elastomers (Sarlink), part of the business group DSM elastomers, to Teknor Apex. The intended sale is expected to close in Q4, subject to regulatory and other customary approvals and notifications.
The intended sale of the business unit is a result of DSM's ambitions to focus on life sciences and materials sciences. As announced in September 2007, DSM Elastomers (Sarlink® and Keltan®) does not fit with this focus.
Both parties have agreed not to disclose financial details at this time. DSM expects to report a small book profit as a result of the transaction upon closing. Approximately 90 employees will transfer to the new owner upon closing....