Published: 08:15 02.12.2008 GMT+1 /HUGIN /Source: DSM N.V. /AEX: DSM /ISIN:
NL0000009827
DSM to sell Solutech to Lydall, Inc.
Royal DSM N.V., the global Life Sciences and Materials Sciences company
headquartered in the Netherlands, today announces that a definitive agreement
has been signed to sell its Solutech business to Lydall, Inc., the United
States-based specialty engineered products manufacturer. Financial details of
the transaction will not be disclosed.
The DSM Solutech business, which primarily consists of two production
facilities in the Netherlands, contributed approximately EUR 3 million to
DSM's total net sales in 2007. Lydall has been a development partner for
Solutech since 2007 and as part of the agreement DSM will continue to
cooperate with Lydall.
DSM Solutech, established in 1993, is the manufacturer of Solupor® specialty
microporous membranes for air and liquid filtration. These membranes are
suitable for a range of applications, including filtration and separation,
supercapacitors, Li-ion batteries, textiles and polymer fuel cells.
"We are very pleased to have reached an agreement with Lydall," said Nico
Gerardu, member of the Managing Board of DSM. "As Lydall is a leader in
filtration, the Solutech business has a good strategic fit with their
business, allowing DSM to further concentrate on our transformation towards a
Life Sciences and Materials Sciences company."
Lydall, Inc.
Lydall, Inc. is a New York Stock Exchange listed company, headquartered in
Manchester, Connecticut. The Company, with operations in the U.S., France, and
Germany and sales offices in Europe and Asia, focuses on specialty engineered
products for the thermal/acoustical and filtration/separation markets. Lydall
Performance Materials designs and manufactures technically advanced air, fluid
power and life sciences filtration products and thermal and insulating
solutions for appliance, cryogenic, electrical and building applications.
DSM Solutech BV
DSM Solutech BV was established in 1993. DSM Solutech is the producer of the
specialty microporous membrane SOLUPOR®. These microporous membranes are
utilized in various applications such as batteries, transdermal drug delivery
systems, filtration, fuel cells and composite membranes. DSM Solutech BV has
production facilities in Geleen and Heerlen (The Netherlands).
DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates innovative products and services in Life Sciences and
Materials Sciences that contribute to the quality of life. DSM's products and
services are used globally in a wide range of markets and applications,
supporting a healthier, more sustainable and more enjoyable way of life. End
markets include human and animal nutrition and health, personal care,
pharmaceuticals, automotive, coatings and paint, electrics and electronics,
life protection and housing. DSM has annual sales of almost EUR 8.8 billion
and employs some 23,000 people worldwide. The company is headquartered in the
Netherlands, with locations on five continents. DSM is listed on Euronext
Amsterdam. More information: www.dsm.com.
For more information:
DSM Corporate Communications
Herman Betten
tel. +31 (0) 45 5782017
fax +31 (0) 45 5740680
e-mail media.relations@dsm.com
DSM Investor Relations
Hans Vossen
tel. +31 (0) 45 5782864
fax +31 (0) 45 5782595
e-mail investor.relations@dsm.com
Press release-pdf
Forward-looking statements
This press release contains forward-looking statements. These statements are
based on current expectations, estimates and projections of DSM and
information currently available to the company. The statements involve certain
risks and uncertainties that are difficult to predict and therefore DSM does
not guarantee that its expectations will be realized. Furthermore, DSM has no
obligation to update the statements contained in this press release.
The English language version of the press release is leading.