(DSM) -- DSM Engineering Plastics has reached an agreement for the sale of its Yparex adhesives business to RESIN (Products & Technology) B.V., a Netherlands-based compounding company. The sale is expected to close in Q1 2011, subject to regulatory and other customary approvals and notifications.
The Yparex business produces adhesive tie-layer resins that are extrudable maleic anhydride-(MaH)-modified and functionalized polyolefin compounds. These are used in numerous industrial applications such as sanitary and heating pipes, floor and wall heating (or cooling), copper and steel pipe coating, film applications, cables and cladding panels.
The Yparex business will be positioned as an independent company, headquartered on Chemelot Campus in Geleen, NL and its current four employees will transfer to the new owner.