PE firm Standard Investment buys DSM Synres

Royal DSM has sold its DSM Synres business to a private equity firm Standard Investment for an undisclosed amount. Subject to customary approvals and notifications, the transaction is expected to close in Q1 2015.
 
DSM Synres produces solvent-borne alkyd and acrylic coating resins at its site in Hoek van Holland (Netherlands) for the global coatings, adhesives and graphic arts markets since 1947. DSM Synres realises sales of approximately Euro 50 million with around 80 employees. All employees will on the closing date transfer to the new owner. Under the new ownership, Synres will continue to focus on solvent-borne coating resins for the global market.
 
The sale of DSM Synres is in line with DSM's strategy for its performance materials cluster to improve performance via among other things upgrading its portfolio. In coating resins, DSM is focusing on sustainable technologies such as water-based, powder and UV-curing coatings for end markets including decorative paints, high-end flooring, industrial wood, graphic arts and numerous metal applications.
 
Standard Investment, based in Amsterdam, is a hands-on private equity firm focused on small and medium-sized enterprises in the Netherlands and Belgium. Since its establishment in 2004, the firm has acquired a portfolio of 18 companies.