January 14, 2016 at 4:26 PM EST
BARCELONA, Spain, January 2016 — Nexeo Solutions, a worldwide leader in chemicals & plastics distribution, and Royal DSM, a global Life Sciences and Materials Sciences company, have announced their agreement to extend and further develop their existing partnership. After more than 17 years of long-term partnership, the agreement reaffirms their shared commitment to the European engineering polymers market. Both organizations plan to target to expand to Switzerland and Hungary offering DSM's broad product range, including:
Other areas of interest within the extended geography agreement between the two companies are Rumania and Bulgaria. Plans to expand to these regions begin later in 2016.
DSM Supports Nexeo's Distribution Model
Royal DSM and Nexeo Solutions (formerly a part of Ashland, Inc. until 2011) have held a strong distribution partnership since 1998.
"Reinforcing an already robust partnership will make it easier for both parties to realise both companies' growth targets" Hector Mas, Nexeo Solutions Product Line Manager for Polyamides and Specialties in Europe, said. "The possibility to sell in areas like Switzerland or Hungary will strengthen our service in geographies where we already have a strong distribution network," he added.
The move, effective January 2016, will allow Nexeo Solutions' customers to benefit from Nexeo Solutions' project development expertise that comprehensively addresses all key applications combined with the top quality product range from DSM.
In response to the expansion, Nexeo Solutions is currently recruiting new Application Development Engineer (ADE) positions across Europe as part of the renewed focus on specialties. By extending the ADE team, customers will have access to exclusive dedicated resources to key developments. This effort will also enable additional synergy between Nexeo Solutions and DSM as specialty polymers growth is integral to both organization's corporate strategies.
ABOUT DSM – Bright Science. Brighter Living.™
Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM's 23,500 employees deliver annual net sales of about €9 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com.
ABOUT NEXEO SOLUTIONS
Nexeo Solutions is the largest global chemical and plastics distributor with a centralized business model. With operations worldwide, Nexeo Solutions offers over 26,000 products used in a broad cross-section of industries, including chemicals manufacturing, oil and gas, paints and coatings, automotive, healthcare and personal care. Nexeo Solutions distributes these products in North America, EMEA, and Asia. The company provides broad logistics capabilities, in-depth market knowledge, dedicated technical expertise and Environmental Services. As a private company employing more than 2,500 employees, Nexeo connects a network of over 1,200 suppliers with a diverse base of more than 28,000 customers. Learn more at www.nexeosolutions.com.