Avient acquires DSM Protective Materials business
Client(s) Avient Corporation
Jones Day advised Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, in the $1.485 billion acquisition and financing of Koninklijke DSM N.V.’s protective materials business, a leading specialty engineered materials business built around the invention of Dyneema®, the world’s strongest fiber. The business is headquartered in Heerlen, Netherlands and has production facilities located in the Netherlands, Singapore, China, and the United States. The financing consisted of an amendment to its term loan B credit facility to finance the acquisition of all the equity of DSM Protective Materials International B.V., DSM Protective Materials B.V., DSM Protective Materials LLC, and other assets related to Koninklijke DSM N.V.’s protective materials business.