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M&A Deal Summary

DSM-Firmenich Acquires NeoResins B.V.

On December 14, 2004, DSM-Firmenich acquired chemicals company NeoResins B.V. from Avecia Biotechnology for 515M EUR

Acquisition Highlights
  • This is DSM-Firmenich’s 3rd transaction in the Chemicals sector.
  • This is DSM-Firmenich’s 7th largest (disclosed) transaction.
  • This is DSM-Firmenich’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2004-12-14
Target NeoResins B.V.
Sector Chemicals
Buyer(s) DSM-Firmenich
Sellers(s) Avecia Biotechnology
Deal Type Divestiture
Deal Value 515M EUR

Target

NeoResins B.V.

Waalwijk, Netherlands
NeoResins B.V. manufactures acrylic emulsions and polyurethane dispersions for applications in water-based coatings and water-based printing inks.

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Buyer(S) 1

Buyer

DSM-Firmenich

Kaiseraugst, Switzerland
Category Company
Founded 1902
Sector Chemicals
Employees26,301
Revenue 12.8B EUR (2024)
DESCRIPTION

DSM-Firmenich specializes in the development, manufacture, and marketing of performance materials, nutritional and pharmaceutical ingredients, and industrial chemicals. The products are used in a wide range of end-markets and applications, such as human and animal nutrition and health, personal care, pharmaceuticals, automotive and transport, coatings and paint, housing, and electrics & electronics. DSM-Firmenich was founded in 1902 and is based in Kaiseraugst, Switzerland.

DEAL STATS #
Overall 3 of 28
Sector: Chemicals M&A 3 of 7
Type: Divestiture M&A Deals 1 of 5
Country: Netherlands M&A 1 of 2
Year: 2004 M&A 1 of 1
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Citribel

Tienen, Belgium

Citribel is a manufacturer of citric acid. It offers a wide range of citrates that play an important role in the production of numerous foods and beverages. Citribel was founded in 1929 and is based in Tienen, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 DSM Bakery Ingredients

Barcelona, Spain

DSM Bakery Ingredients produces and markets bakery ingredients such as yeast, bread improvers, bakery enzymes, and pastry ingredients.

Sell -

Seller(S) 1

SELLER

Avecia Biotechnology

Milford, Massachusetts, United States
Category Company
Sector Chemicals
DESCRIPTION

Avecia is an international specialty chemicals manufacturer. At the time of the Cinven acquisition, it comprised multiple divisions. Five of those divisions, Stahl, Performance Intermediates, Neoresins, Fine Chemicals and Pharmaceuticals and Electronic materials have been sold to date. The remaining business is the Biotechnology division, encompassing the Biologics and DNA manufacturing activities.

DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Netherlands M&A 2 of 2
Year: 2004 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-19 Stahl Holdings

Waalwijk, Netherlands

Stahl Holdings is producer of chemicals for leather products; next to this, Stahl produces polymers and performance coatings for a variety of substrates such as textile, paper, plastics, rubber, metal and wood. Stahl offers a wide range of solutions to the automotive, shoe, apparel & accessories and home interior sectors, and for industrial applications. Stahl Holdings is based in Waalwijk, Netherlands.

Sell €375M
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