# LANXESS and Advent International establish joint venture for high-performance polymers

LANXESS and Advent International are establishing a joint venture for engineering and high-performance polymers. LANXESS contributes its High Performance Materials business valued at EUR 2.5 billion and will receive a payment of at least EUR 1.1 billion and a stake of up to 40% in the joint venture. Advent will also acquire DSM's Engineering Materials business for EUR 3.7 billion to contribute to the joint venture.

- Type: Partnership
- Announced: 2022-05-31
- Value: $2.67B (2.50B EUR)
- Status: announced
- Products: high-performance engineering polymers
- 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) (partner)
- [Royal DSM](https://endata.com/companies/5677.md) (target)
- [LANXESS](https://endata.com/companies/15514.md) (partner)

## Sources

- [lanxess.com](https://lanxess.com/en/investors/news-and-events/news/2022/05/30/12/16/lanxess-and-advent-international-establish-a-leading-global-joint-venture-for-high-performance-engineering-polymers), 2022-05-31: "Specialty chemicals company LANXESS and Advent International (“Advent”) are establishing a joint venture for engineering and high-performance polymers."

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