POLYMER INTERMEDIATES AND COMPOSITE RESINS BUSINESSES / CVC CAPITAL PARTNERS / FIBRANT LLC / Private / Joint Venture / £481m

Fibrant LLC, formerly known as DSM CHEMICALS NORTH AMERICA, LLC, created an EUR675m JV (in which Fibrant have a 35% stake) with CVC for its Polymer Intermediates and Composite Resins manufacturing activities. It represents the combined operations of DSM Composite Resins Holding International B.V., DSM Fibre Intermediates China B.V. and DSM Fibre Intermediates International B.V.