30th December 2014 / by admin
Cathay Investments to purchase Euroresins from DSM
Cathay Investments has reached an agreement with Royal DSM for the purchase of Euroresins. Subject to customary approvals and notifications, the transaction is expected to close in Q1 2015. Financial details will not be disclosed at this time.
Euroresins is a distributor of products to the composite resins industry with activities in nine countries in Europe, including the United Kingdom, Italy and France. Euroresins realises sales of approximately €90 million with around 70 employees.
The sale of Euroresins is in line with the strategic actions DSM is pursuing for Composite Resins, as announced in November 2014.