Royal DSM (Heerlen, the Netherlands; www.dsm.com) has finalized the sale of its Euroresins business to Cathay Investments. The divestment was announced on December 23, 2014.
Euroresins is a distributor of products to the composite resins industry with activities in nine countries in Europe. Euroresins realizes sales of approximately €90 million with around 70 employees.
Cathay Investments is the U.K. holding company for a group of companies engaged in chemical distribution and trading throughout the U.K. and Scandinavia. Since its establishment, Cathay has grown its portfolio to six companies.