LANXESS acquires DSM Elastomers from Royal DSM - MarketLine Financial Deals

LANXESS acquires DSM Elastomers from Royal DSM

LANXESS acquires DSM Elastomers from Royal DSM - MarketLine Financial Deals
LANXESS acquires DSM Elastomers from Royal DSM
Published May 01, 2011
3 pages — Published May 01, 2011
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...LANXESS AG, a Germany-based specialty chemicals group, has acquired DSM Elastomers, a manufacturer of synthetic rubber ethylene propylene diene monomer (EPDM) under the brand name Keltan, from Royal DSM N.V. Royal DSM is a Netherlands-based company engaged in the manufacturing of nutritional and pharma products, performance materials and industrial chemicals. Announcement (December 14, 2010): LANXESS has entered into an agreement with Royal DSM to acquire DSM Elastomers for EUR310 million on a cash and debt-free basis. The consideration for DSM Elastomers represents an EBITDA multiple of roughly 6 based on the expected EBITDA of 2010. The acquisition will be financed by LANXESS out of existing liquidity. DSM Elastomers has approximately 420 employees and is expected to achieve sales of about EUR380 million in 2010. The transaction is expected to close in the first months of 2011. Target DSM Elastomers B.V. Acquirer LANXESS AG Seller/Vendor Royal DSM N.V. Deal status Completed Deal value...

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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MarketLine Financial Deals. "LANXESS acquires DSM Elastomers from Royal DSM" May 01, 2011. Alacra Store. Oct 21, 2016. <>
MarketLine Financial Deals. (2011). LANXESS acquires DSM Elastomers from Royal DSM May 01, 2011. New York, NY: Alacra Store. Retrieved Oct 21, 2016 from <>
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