DSM acquires American specialty-resins producer Soluol

Thu, 17 January 2008

Royal DSM N.V., the leading Life Sciences and Materials Sciences company from the Netherlands, today announces the acquisition of the US-based company Soluol, a developer, producer and marketer of high performance urethane resins which are used in a wide range of applications, with annual sales of USD 20 million. Both parties have agreed not to disclose financial details.

The acquisition of Soluol enhances DSM’s specialty-resins presence in North America and adds new technology as well as a state-of-the-art production facility in Rhode Island. The acquired company will be grouped under the DSM NeoResins+ business unit, part of the DSM Resins business group.

Soluol is a leading supplier of a broad range of both water-based and solvent-based high-performance specialty polyurethane resins. Founded in 1931, their key markets include the paint and coatings sector where their products are used on concrete, metal, wood and plastic substrates. Additionally, Soluol produces a range of polyurethanes which offer unique bonding properties for use in the adhesives sector and other specialty products used in the conversion of foils, and also in paper, plastics, and blister packaging. Soluol also offers a range of fully formulated, ready-to-use polyurethane-based coatings designed to impart a wide variety of functional and tactile properties to fabrics.

Soluol has recently completed the construction of a manufacturing facility located in East Providence, RI where all of their products are now manufactured. All research and support activities are located at this location as well.