GELEEN, Netherlands—Polyolefins producers Borealis has completed its purchase o DEXPlastomers, a producer of polyolefin-based plastomer materials based in Geleen.
Borealis acquired the Geleen-based business from previous joint-venture owners DSM N.V. and ExxonMobil Chemical Co., each which held a 50 percent share. The terms of the deal weren't disclosed.
DEXPlastomers has two product families in its portfolio. Its Exact metallocene plastomers are low density materials that bridge the gap between conventional polyolefins and elastomers, says DEXPlastomers. They are used in blends with polyolefins in flexible packaging, film, sheet and other applications.
The Stamylex line of products are octane linear low and high density polyethylenes, used in a variety of specialty film, molding and extrusion coating applications.
Borealis is transferring 100 DEXPlastomers' employees to Borealis and Borealis-owned companies, and has started integrating the new site.