# DSM sells Engineering Materials business to Advent International and LANXESS Royal DSM reached an agreement to sell its Engineering Materials business to Advent International and LANXESS for an enterprise value of €3.85 billion. The business will be combined with LANXESS's High Performance Materials business in a joint venture co-owned by Advent (60%) and LANXESS (40%). - Type: Acquisition - Announced: 2022-05-31 - Where: Netherlands - Value: $4.12B (3.85B EUR) - Status: announced - Products: engineering materials - Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md) ## Companies - [Royal DSM](https://endata.com/companies/5677.md) - [LANXESS](https://endata.com/companies/15514.md) - [DSM](https://endata.com/companies/25138.md) - [Advent International](https://endata.com/companies/430.md) (acquirer) - [Advent International](https://endata.com/companies/430.md) (investor) - [Advent International](https://endata.com/companies/430.md) (partner) - [Royal DSM](https://endata.com/companies/5677.md) (partner) - [Royal DSM](https://endata.com/companies/5677.md) (target) - [LANXESS](https://endata.com/companies/15514.md) (acquirer) - [LANXESS](https://endata.com/companies/15514.md) (partner) - [DSM](https://endata.com/companies/25138.md) (target) - [DSM Engineering Materials](https://endata.com/companies/48332.md) (target) ## Sources - [our-company.dsm-firmenich.com](https://our-company.dsm-firmenich.com/en/our-company/news/press-releases/legacy-archive/2022/dsm-announces-sale-of-engineering-materials-business.html), 2022-05-31: "DSM Engineering Materials will become part of a newly created joint venture, together with LANXESS’s High Performance Materials business, which will be co-owned by Advent International (60%) and LANXESS (40%)." - [lanxess.com](https://lanxess.com/en/investors/news-and-events/news/2022/05/31/05/55/lanxess-and-advent-establish-jv), 2022-05-31: "LANXESS and Advent to acquire Engineering Materials business from DSM for a purchase price of around EUR 3.7 billion" - [reuters.com](https://www.reuters.com/markets/europe/dsm-announces-385-bln-euro-sale-engineering-materials-business-2022-05-31/), 2022-05-31: "We are forging a strong global player in the field of high-performance plastics." - [gleisslutz.com](https://www.gleisslutz.com/en/mandates-firm-news/gleiss-lutz-advises-lanxess-formation-joint-venture-advent-high-performance-engi-neering-polymers), 2022-05-31: "Specialty chemicals group LANXESS and private equity investor Advent International are establishing a joint venture for high-performance engineering polymers." - [plasticstoday.com](https://www.plasticstoday.com/automotive-mobility/lanxess-advent-form-jv-buy-dsm-engineering-materials-for-3-7-billion), 2022-05-31: "Chemicals company Lanxess and private equity firm Advent International have signed an agreement to acquire the DSM Engineering Materials business from Dutch group Royal DSM for approximately €3.7 billion ($3.9 billion)." - [lw.com](https://www.lw.com/en/news/2022/06/latham-advises-advent-international-on-global-joint-venture-with-lanxess), 2022-06-01: "The purchase price for the acquisition of DEM is around €3.7 billion and will be financed by the joint venture via equity from Advent and debt capital." - [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2091510/lanxess-jv-in-3-7bn-deal-to-buy-dsm-unit), 2022-06-01: "The JV partners had signed a deal with DSM to buy the engineering materials unit for €3.7 billion." - [chemanager-online.com](https://chemanager-online.com/en/news/lanxess-and-advent-clinch-dsm-plastics-deal), 2022-06-01: "Under the terms of the transaction announced on May 31, Advent will hold 'at least' 60% of the new joint venture’s equity." - [echemi.com](https://www.echemi.com/cms/694795.html), 2022-06-02: "the sale of its engineering plastics business for 3.7 billion euros." - [pcimag.com](https://www.pcimag.com/articles/110176-lanxess-and-advent-international-announce-high-performance-engineering-polymers-joint-venture), 2022-06-02: "This move further sharpens the company’s business portfolio, which will consist of three specialty chemicals segments once the transaction is completed." - [doi.org](https://doi.org/10.1021/cen-10020-leadcon), 2022-06-06: "And it has moved to exit the traditional chemical sector with the planned sale of its engineering polymer business to Lanxess and Advent International for $4.1 billion." --- Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.