# Covestro to acquire DSM's Resins & Functional Materials for €1.6 billion

Royal DSM has agreed to sell its Resins & Functional Materials businesses to Covestro AG for an equity value of €1.6 billion. The transaction is expected to close in H1 2021.

- Type: Acquisition
- Announced: 2020-09-30
- Where: Netherlands
- Value: $1.87B (1.60B EUR)
- Status: announced
- Products: resins, functional materials, coatings
- 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) (target)
- [DSM](https://endata.com/companies/25138.md) (target)

## Sources

- [our-company.dsm-firmenich.com](https://our-company.dsm-firmenich.com/en/our-company/news/press-releases/legacy-archive/2020/30-20-dsm-announces-sale-of-resins-and-functional-materials-businesses.html), 2020-09-30: "DSM to sell its Resins & Functional Materials and associated businesses to Covestro AG for an Equity Value of €1.6 billion."
- [covestro.com](https://www.covestro.com/press/covestro-to-acquire-leading-sustainable-coating-resins-business-from-dsm/), 2020-09-30: "This acquisition is an important step for our corporate strategy."
- [covestro.com](https://www.covestro.com/investors/news/covestro-to-acquire-leading-sustainable-coating-resins-business-from-dsm/), 2020-09-30: "This acquisition is an important step for our corporate strategy."
- [wsj.com](https://www.wsj.com/articles/covestro-to-buy-dsms-resins-business-11601447652), 2020-09-30: "Covestro AG said Wednesday that it signed an agreement to acquire the resins and functional materials business from Royal DSM for a total of 1.61 billion euros ($1.89 billion)."
- [financialpost.com](https://financialpost.com/news/covestro-buys-dsms-resins-unit-for-1-6-bln-euros-3/), 2020-09-30: "Germany's Covestro will purchase Dutch peer DSM's Resins and Functional Materials business for about 1.6 billion euros ($1.88 billion)."
- [financialpost.com](https://financialpost.com/news/covestro-buys-dsms-resins-unit-for-1-6-bln-euros/), 2020-09-30: "Germany's Covestro will purchase Dutch peer DSM's Resins and Functional Materials business for about 1.6 billion euros ($1.88 billion)."
- [reuters.com](https://www.reuters.com/article/business/covestro-buys-dsm-s-resins-unit-for-1-6-billion-euros-idUSKBN26L0X4/), 2020-09-30: "Germany's Covestro will buy Dutch peer DSM's Resins and Functional Materials business for about 1.6 billion euros."
- [cen.acs.org](https://cen.acs.org/materials/coatings/Covestro-buy-DSMs-resins-business/98/i38), 2020-09-30: "Covestro has agreed to purchase DSM’s resins and functional materials business for about $1.8 billion."
- [tctmagazine.com](https://www.tctmagazine.com/covestro-takes-over-dsm-3d-printing-business/), 2020-10-01: "This acquisition is an important step for our corporate strategy."
- [3dprintingindustry.com](https://3dprintingindustry.com/news/covestro-to-acquire-dsms-resins-functional-materials-unit-for-e1-6b-176720/), 2020-10-01: "This acquisition is an important step for our corporate strategy."
- [pcimag.com](https://www.pcimag.com/articles/107933-covestro-to-buy-dsms-resins-functional-materials-business), 2020-10-01: "This acquisition is an important step for our corporate strategy."
- [chemeurope.com](https://www.chemeurope.com/en/news/1168143/covestro-to-acquire-sustainable-coating-resins-business-from-dsm.html), 2020-10-02: "This acquisition is an important step for our corporate strategy."
- [doi.org](https://doi.org/10.1021/cen-09838-buscon1), 2020-10-05: "Covestro says the acquisition fits its strategy of diversifying into markets for technical and sustainable materials."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/98082-covestro-to-acquire-dsms-coating-resins-business), 2020-10-05: "This acquisition is an important step for our corporate strategy."
- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/covestro-and-dsm-sustainable-strategy/), 2020-11-30: "The agreed acquisition will add a complete range of water-based polyacrylate resins and will diversify the company’s portfolio of customer industries."

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