# Covestro to acquire DSM's coating resins business for €1.6 billion

Covestro signed an agreement to acquire the Resins and Functional Materials business of Royal DSM for approximately €1.6 billion (~$1.9 billion).

- Type: Acquisition
- Announced: 2020-07-23
- Value: $1.90B (1.60B EUR)
- Status: announced
- Products: coating resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (acquirer)
- [Royal DSM](https://endata.com/companies/5677.md) (partner)

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=31), 2020-07-23: "Covestro recently announced that it has signed an agreement to acquire the Resins and Functional Materials business (RFM) of Royal DSM."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.