Lanxess, DSM Engineering Materials venture launched as Envalior
New global engineering materials contender combines Lanxess’ high-performance materials business with DSM’s engineering materials business to offer a variety of material solutions.
Photo Credit: Lanxess
A new major global engineering materials entity, Envalior, emerged April 1, bringing together two highly complementary industry leaders, DSM Engineering Materials (DEM, Evansville, Ind., U.S.) and Lanxess’ (Cologne, Germany and Pittsburgh, Pa., U.S.) former High Performance Materials business, under the ownership of global private equity firm Advent International (Boston, Mass., U.S.) and specialty chemicals company Lanxess. The latter holds about 40% and Advent about 60% of the joint venture.
Envalior builds on a 100-year track record of customer-focused innovation and a strong global footprint in Asia, Europe and the U.S., and will offer its customers a distinctive portfolio of leading product brands and recycled and bio-based materials, combined with deep application and materials expertise. The company’s high-performance solutions enable the transformation of key industries, such as automotive and new mobility, electronics and electrical and consumer goods sectors, and include well-known brands:
- Akulon, Durethan, and Novamid nylons 6 and 66
- Arnite PET and PBT and Pocan PBT
- Stanyl nylon 46
- Ecopaxx nylon 410
- Fortii 4T PPA
- Arnitel TPC
- Xytron PPS
- Composite Tepex
- Glass fiber and caprolactum.
The new corporate brand is said to reflect a combination of characteristics that best summarize Envalior’s ambition: EN (engaging, enterprising, engineering, environment) and VALIOR (value-driven and value-creating).
“Our new company’s product portfolio includes some of the most recognizable product brands in our industry, and we are a leading supplier to a number of key industries,” Envalior CEO Calum MacLean says. “By combining two highly complementary businesses, we have created a true industry leader that will realize value and drive progress for our customers, our employees, our shareholders and society as a whole.” He also underlined that the company will continue the focus on sustainable solutions first started at DEM and HPM, building on its strong track record of innovating at the forefront of changing market dynamics and evolving customer needs focusing on sustainability. “We will be known for our highly collaborative and pioneering spirit. Moving forward, we will continue to drive carbon efficient and circular technology within our industry to enable sustainable solutions across the value chain.”
