LEVERKUSEN, Germany (May 3, 2011)—Lanxess A.G. has successfully completed the acquisition of DSM Elastomers as of May 1.
Antitrust authorities have granted all necessary approvals for completion of the deal.
Lanxess is paying $460 million for the elastomer business of the Dutch company Royal DSM N.V. DSM Elastomers produces the synthetic rubber ethylene-propylene-diene monomer under the brand name Keltan. Lanxess is financing the acquisition with existing liquidity.
DSM Elastomers, based in Sittard-Geleen in the Netherlands, has roughly 420 employees worldwide. DSM Elastomers operates an EPDM facility with an annual capacity of 160,000 metric tons in Sittard-Geleen. An additional EPDM facility with a capacity of about 40,000 metric tons per year is located in Triunfo, Brazil. Lanxess plans to transfer the headquarters for the combined EPDM business from Marl (Germany) to Sittard-Geleen.