Written on 03.05.2011 - Industry
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Lanxess completes acquisition of DSM Elastomers

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, 2011.

Lanxess said that it is paying EUR 310 million for the elastomer business of DSM. DSM Elastomers produces 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."

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 said that it plans to transfer the headquarters for the combined EPDM business from Marl in 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, USA.