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Arsenal Capital buys DSM Special Products

03 Mar '08

3 min read

Jan Zuidam, deputy chairman of the Managing Board of DSM and responsible for DSM Special Products, commented: "We are very pleased with the result of this first sale in the divestment programme of our accelerated Vision 2010 strategy.

I am convinced that the business will continue to prosper under new ownership with which there is a better strategic fit.

I wish to thank all DSM Special Products employees for their continued support and hard work and wish them all the best for the future."

John Televantos, Principal at Arsenal Capital said: "This acquisition of DSM Special Products is an excellent fit with our investment strategy in the Specialty Chemicals sector to acquire mid-size, niche market leaders in higher growth sectors that are supported by strong management teams.

The acquisition will provide an excellent platform for growth through future investments planned for the Rotterdam site including a new manufacturing facility for di-benzoate esters and incremental capacity improvements to ensure our customers will have reliable supply of high quality products to meet their growing future needs. We are extremely pleased to have DSM Special Products as part of the Arsenal portfolio."

The transaction is subject to various external approvals and will be submitted to the works councils according to the usual procedures.

DSM N.V.

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