Download list
Locations / Sites
Contacts
Login
Back to News

Borealis to acquire DEXPlastomers

Borealis, a leading provider of chemical and innovative plastics solutions, announced today that it has reached an agreement to acquire the shares of DSM Plastomers B.V. and Exxon Chemical Holland Ventures B.V., each holding a 50% interest in DEXPlastomers V.O.F. in Geleen, The Netherlands, from DSM Nederland B.V. and ExxonMobil Benelux Holdings B.V.  DEXPlastomers is a 50/50 Joint Venture ultimately owned by Royal DSM and ExxonMobil Chemical Company.

Following this agreement, the relevant employee representatives are being informed and consulted on the proposed sale to Borealis. The transaction is subject to customary approvals and notifications.

The products of DEXPlastomers are specialties complementary to Borealis’ current innovative plastic solutions. The agreement made with ExxonMobil Benelux Holdings B.V. and DSM Nederland B.V. underpins Borealis’ commitment to its Value Creation through Innovation strategy, as Borealis believes there is significant potential in DEXPlastomers’ technology.

END

For further information please contact:

Kerstin Meckler, Director Communications
Tel. +43 (0)1 22 400 389
e-mail: kerstin.meckler@borealisgroup.com 

Downloads
Borealis to acquire DEXPlastomers English, German
Media Contact
Virginia Mesicek
Senior Manager a.i., External Communications

Latest News

News – 02/04/2020

Operations during the COVID-19 outbreak, update 2 April 2020

Read more

News – 30/03/2020

Borealis takes steps to secure supply chains for healthcare and food packaging sectors

Read more

News – 30/03/2020

Project STOP update: Latest achievements in Muncar, Indonesia

Read more

News – 17/03/2020

Operations during the Coronavirus disease (COVID-19) outbreak

Read more

News – 12/03/2020

OMV signs agreement to increase its shareholding in Borealis to 75%

Read more

News – 12/03/2020

Annual Report 2019 published

Read more

Media Release – 10/03/2020

Borealis producing certified renewable polypropylene at own facilities in Belgium

Read more

Media Release – 05/03/2020

Borealis and Webster Vienna Private University continue their successful scholarship endowment program

Read more

News – 21/02/2020

Pasuruan regency partners with Project STOP and Nestlé to create a sustainable waste management and help reduce ocean plastic pollution

Read more