Announced
Financials
Sources
Tags
solar backsheet
Friendly
Netherlands
solar panels
Single Bidder
backsheet products
Pending
Majority
Cross Border
Renewable Energy Equipment
Acquisition
Private
Synopsis
Worthen Industries, a company that manufactures specialty adhesives, coatings and coated products, agreed to acquire DSM Advanced Solar, a company that delivers a family of material solutions and technologies for PV modules, from Royal DSM, a science-based company in Nutrition, Health and Sustainable Living. Financial terms were not disclosed. “The acquisition of DSM’s business in backsheets and conductive backsheets, along with its excellent team, is a strong next step in Worthen’s strategy to serve the global PV industry with sustainable, high-performance solutions that are VOC-free, zero-waste, and 100% recyclable - enabling a greener, better-performing industry worldwide. This is a great combination of shared values and complementary expertise which will accelerate our ability to support the world’s transition to clean energy.” David Worthen, Worthen Industries CEO.
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