DSM to sell off thermoplastic elastomers unit to Teknor Apex

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.

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By: Nurluqman Suratman

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