Avient Announces Acquisition of DSM Protective Materials (Dyneema®)
Avient Corporation, a leading provider of specialised and sustainable material solutions, has completed its acquisition of DSM's protective materials business (including the Dyneema® brand), which will now be known as Avient Protective Materials.
Robert M. Patterson, Chairman, President and Chief Executive Officer, Avient Corporation, said:
"We proudly welcome our newest associates and valued customers joining us today. This next step in our specialty transformation expands our material offerings to provide solutions that require the highest level of performance in applications where failure is not an option."
The recognised technology and highly admired brand of Dyneema®, the World's Strongest Fiber™, serves as the backbone of Avient Protective Materials.
The ultra-lightweight specialty fibre is 15 times stronger than steel and is utilised in demanding applications such as ballistic personal protection, marine and sustainable infrastructure, renewable energy, industrial protection, and outdoor sports.
The company has six manufacturing locations, four R&D centres, and approximately 1,000 people worldwide.
Chris Pederson, President, Specialty Engineered Materials, Avient Corporation, said:
"With the addition of the Protective Materials business, we have significantly increased the size of our fastest growing platform and firmly established Avient as a leader in the advanced composites space. We look forward to collaborating with our customers to deliver on the ever-increasing requirements of product performance, achievable through innovation and material science."
Source: Avient Corporation