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SITTARD, THE NETHERLANDS: DSM Engineering Plastics said that has sold its Yparex adhesives business to RESIN (Products & Technology) BV. The sale is expected to close in Q1 2011 and both companies did not disclose the financial details of the deal.
DSM Engineering Plastics believed that Yparex product line had a better fit and growth opportunity with the new owner and that the business will be positioned as an independent company.
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.
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