Footwear materials developer has new owners after multi-billion euro deal
Chemicals group Lanxess and private equity firm Advent International have bought DSM Engineering Materials business (DEM) for €3.7 billion from Dutch group Royal DSM.
DEM supplies high-performance specialty materials for the consumer goods sector and other industries.
For the sportswear sector, its materials are used in athletic shoes’ midsoles, waterproof and breathable finishes for textiles, golf shoe soles, ice skate parts, tennis racquet strings and snowboard bindings.
DSM’s Engineering Materials business comprises polyamides (PA6, PA66) as well as various specialty materials (PA46, PA410 and specialty polyesters as well as PPS). Around 2,100 employees work for the division at eight production and seven research sites.
Lanxess’ High Performance Materials (HPM) business unit produces PA6 and PBT engineering polymers and thermoplastic fibre composites, employing 1,900 employees at 10 production and seven research sites.
