Royal DSM, a global science-based company in nutrition, health and sustainable living, agreed to acquire specialty materials business of SRF, a manufacturer of fluorochemicals, specialty chemicals, technical textiles and packaging films, for $42.5m. "While the engineering plastics business has been a profitable and niche business for us, we felt that scaling it into a large business would have taken significant time and in that sense passing it onto a credible player would be logical for everyone involved," Ashish Bharat Ram, SRF Managing Director.