Dynea Sells Dutch Formaldehyde Resins Plant to Management

Dynea Nederland Holding on Monday sold its Dutch company, Dynea BV, to ChemCom Investments, a legal entity formed by former and current members of the Dynea BV's management team. Financial details of the management buyout were not disclosed.   Dynea BV operates a resins plant operating in Delfzijl, the Netherlands, and employing 35 people who will continue to work for the new enterprise. The plant, which started operations in 1971, produces some 70,000 m.t./year of formaldehyde and about 130,000 m.t./year of formaldehyde resins, used mainly in the...

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