DSM sell Euroresins Cathay Investments

DSM to sell Euroresins to Cathay Investments

12:03 PM, 23rd December 2014
DSM to sell Euroresins to Cathay Investments

HEERLEN, THE NETHERLAND: Royal DSM, the global Life Sciences and Materials Sciences company, has reached agreement with Cathay Investments for the sale of Euroresins, a distributor of products to the composite resins industry with activities in nine countries in Europe, including the United Kingdom, Italy and France. Subject to customary approvals and notifications, the transaction is expected to close in first quarter of 2015. Financial details are not disclosed. The sale of Euroresins is in line with the strategic actions DSM is pursuing for Composite Resins, as announced in November 2014.

Cathay Investments is the UK holding company for a group of companies engaged in chemical distribution and trading. Cathay’s principal trading business is Cathay Composites, which distributes glass fiber, resins and other composite materials throughout the UK and Scandinavia. Since its establishment Cathay has grown its portfolio to six companies.

 

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