Borealis to acquire DEXPlastomers
Borealis, a leading provider of chemical and innovative plastics solutions has announced that it is acquiring the 50-50 shares of DSM Plastomers B.V. and Exxon Chemical Holland Ventures B.V in DEXPlastomers V.O.F. in Geleen, The Netherlands,
DEXPlastomers is a 50/50 Joint Venture ultimately 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 and notifications.
The products of DEXPlastomers are specialties complementary to Borealis’ current innovative plastic solutions.
(PRA)