15 September 2010 09:13 [Source: ICIS news]
SINGAPORE (ICIS)--Dutch producer DSM has signed an agreement with US-based plastics compounder Teknor Apex to sell off its thermoplastic elastomers business unit, Sarlink, for an undisclosed fee, the company said on Wednesday.
The sale of Sarlink was expected to close in the fourth quarter of this year, subject to regulatory and other customary approvals and notifications, DSM said in a statement.
DSM’s decision to sell off the unit was part of its "ongoing transformation" into a life sciences and material sciences company, it said.
Sarlink is one of two business units within the Elastomers group of DSM. The selling process for Keltan, the other business unit of DSM Elastomers, was currently ongoing, the company added.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections