NEWSSpeciality fibre business acquired06/09/2022Save articleDSM, including the Dyneema brand, has been acquired by Avient Corporation, provider of material solutions.SHOW FULLSCREENDyneema is used in various industry sectors including marineDSM will be renamed Avient Protective Materials and reported within the company’s Specialty Engineered Materials segment.“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,” said Robert Patterson, chairman, president and CEO, Avient Corporation.Dyneema, is a lightweight specialty fibre said to be 15 times stronger than steel.It is used in various applications including marine.The business includes six production facilities, four R&D centres and approximately 1,000 employees located around the world.“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,” said Chris Pederson, president, specialty engineered materials, Avient Corporation. “We look forward to collaborating with our customers to deliver on the ever-increasing requirements of product performance, achievable through innovation and material science.”TopicsAcquisitionAvient CorportionDSMDyneemaIndustry News

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