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DSM and Mitsubishi Chemical to Swap Polycarbonate and Nylon Businesses
2:14 PM MDT | August 3, 2009 | Deepti Ramesh
DSM says it has signed a memorandum of understanding with Mitsubishi Chemical, to acquire Mitsubishi’s nylon business in exchange for DSM’s polycarbonate business. Financial details of the deal were not disclosed. Each business has annual sales of about €90 million, DSM says. The transaction is expected to close before the end of this year. The swap will enable DSM Engineering Plastics, part of the Performance Materials business of DSM, to strengthen its offering to the automotive industry, electrical market, and the flexible packaging market, in...
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