Borealis strengthens plastic solutions, acquires DEXPlastomers

Borealis strengthens plastic solutions, acquires DEXPlastomers

11:22 AM, 12th November 2012
Borealis strengthens plastic solutions, acquires DEXPlastomers

VIENNA, AUSTRIA: Borealis will acquire shares of DSM Plastomers BV and Exxon Chemical Holland Ventures BV, each holding a 50 per cent interest in DEXPlastomers VOF in Geleen, The Netherlands, from DSM Nederland BV and ExxonMobil Benelux Holdings BV. DEXPlastomers is a 50/50 joint venture owned by Royal DSM and ExxonMobil Chemical Company.

Following this agreement, the relevant employee representatives are being informed and consulted on the proposed sale to Borealis. The transaction is subject to customary approvals.

The products of DEXPlastomers are specialties complementary to Borealis’ current innovative plastic solutions. The agreement made with ExxonMobil Benelux Holdings BV and DSM Nederland BV underpins Borealis’ commitment to its value creation through innovation strategy, as Borealis believes there is significant potential in DEX-Plastomers’ technology.

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