High Performance Engineering Materials News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lanxess and Advent International are forming a materials joint venture that will be organized into three global business divisions    The new business is being formed by combining existing Lanxess units with businesses acquired from Royal DSM NV. Lanxess of Cologne, Germany, and global private equity firm Advent of Boston are purchasing DSM's engineering materials business for almost $4 billion in a deal that was announced in May.

The new business is being formed by combining existing Lanxess units with businesses acquired from Royal DSM NV. Lanxess of Cologne, Germany, and global private equity firm Advent of Boston are purchasing DSM's engineering materials business for almost $4 billion in a deal that was announced in May.