# Lanxess reportedly preparing joint bid for DSM's plastics unit

German chemicals maker Lanxess is reportedly preparing a joint bid with investor Advent for Dutch rival DSM's plastics business, valued at €3 billion. The unit would become part of Lanxess' subsidiary HPM.

- Type: Acquisition
- Announced: 2022-01-28
- Value: $3.34B (3.00B EUR)
- Status: rumored
- Products: plastics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (investor)
- [LANXESS](https://endata.com/companies/15514.md) (acquirer)
- [DSM](https://endata.com/companies/25138.md) (target)

## Sources

- [financialpost.com](https://financialpost.com/pmn/business-pmn/germanys-lanxess-prepares-joint-bid-for-dsms-plastics-unit-handelsblatt), 2022-01-28: "German chemicals maker Lanxess is preparing a joint bid for Dutch rival DSM's plastics business with investor Advent, Handelsblatt newspaper reported on Friday, citing sources familiar with the matter."
- [okaychemical.com](http://www.okaychemical.com/NewsDetail.aspx?ID=39), 2022-01-30: "Lanxess, a German chemicals supplier, is in the process of bidding for chemicals giant DSM with Investment firm Advent for its plastics business"

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