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Avient completed the acquisition of the protective materials business of Royal DSM for €1.4bn.

Synopsis

Avient, a global manufacturer of specialized polymer materials, completed the acquisition of the protective materials business of Royal DSM, a Dutch multinational corporation active in the fields of health, nutrition and materials, for €1.4bn ($1.5bn). "We are very pleased to have reached agreement to acquire DSM Protective Materials and lead this exceptional business into the future. We are eager to continue investing in innovation and sustainable solutions, further accelerating the remarkable impact and possibilities of the business and Dyneema® brand. To the DSM Protective Materials employees, we look forward to you joining our team, which is proudly a certified Great Place to Work®," Robert M. Patterson, Avient Chairman, President and CEO.

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