# Advent and LANXESS receive approval for high-performance plastics joint venture

Competition authorities, including the EU Commission and Indian authority, approved the planned joint venture between Advent International and LANXESS combining DSM's Engineering Materials and LANXESS's High Performance Materials businesses. The transaction is expected to close by early April 2023.

- Type: Acquisition
- Announced: 2022-11-07
- Where: Germany
- Status: announced
- Products: high-performance engineering plastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [lanxess.com](https://lanxess.com/de-de/presse/presseinformationen/2023/02/competition-authorities-clear-high-performance-plastics-joint-venture-between-advent-and-lanxess), 2022-11-07: "Die Transaktion kann damit vollzogen werden, was nun spätestens für Anfang April 2023 geplant ist."

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