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).