# Lanxess and Advent International complete Envalior joint venture

Lanxess and Advent International completed the formation of Envalior, a joint venture combining DSM Engineering Materials and Lanxess High Performance Materials. Envalior expects turnover of around EUR 4 billion and 4,000 employees.

- Type: Acquisition
- Announced: 2023-04-03
- Jobs: 4,000
- Status: completed
- Products: engineering materials, high-performance materials, recycled and bio-based materials
- 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)
- [Envalior](https://endata.com/companies/15388.md) (target)
- [LANXESS](https://endata.com/companies/15514.md) (partner)
- [DSM](https://endata.com/companies/25138.md) (partner)

## Sources

- [chemengonline.com](https://www.chemengonline.com/lanxess-and-advent-international-complete-foundation-of-envalior-materials-jv/), 2023-04-03: "A new joint venture — Envalior — has emerged from the combination of two industry leaders in engineering materials"

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