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DSM Agrees on Sale of Sarlink Elastomers Business
5:16 AM MDT | September 15, 2010 | Alex Scott
DSM says it has agreed to sell Sarlink, a thermoplastics elastomers business, and part of the firm’s Elastomers unit, to Teknor Apex (Pawtucket, RI). Financial terms were not disclosed, although DSM says it expects to report a “small” book profit as a result of the sale. Approximately 90 employees will transfer to the new owner upon closing, which is slated for the fourth quarter of this year, subject to regulatory approval. In 2009 Sarlink generated net sales of more than €50 million ($65 million). Sarlink has compounding operations...
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