DSM completes sale of DSM Special Products to Emerald Performance Materials
DSM Special Products is the producer of amongst others Purox B and Purox S®, ingredients used in food and feed products as well as in a range of industrial applications. It also produces VevoVitall®, a product for the animal health market that will continue to be sold by DSM Nutritional Products. DSM Special Products employs around 125 people in Rotterdam and Sittard (Netherlands), and has an annual turnover of approximately EUR 125 million. At closing all employees transfer to the new owner. DSM expects a small book profit as a result of the transaction, which will be recognized in Q4 2010.
Emerald Performance Materials
Emerald Performance Materials, LLC produces and markets technologically advanced specialty chemicals for a broad range of food and industrial applications. Its products play a variety of roles in the products that are consumed and used every day enabling them to last longer, look, smell, taste or perform better. Emerald products are used in aerospace, food, beverages, cosmetics, toothpaste, household products, paint, tires, automobiles, sports gear and many other applications. Headquartered in Cuyahoga Falls, Ohio, Emerald has seven operations and approximately 600 employees.