CLEVELAND – September 1, 2022 – Avient Corp., a specialist and durable material solutions provider, has completed its purchase of DSM’s protective materials business (including the Dyneema® brand), which will now be called Avient Protective Materials and will be reported in the company’s Specialty Engineered Materials segment.
“We are proud to welcome our new associates and valued customers who join us today,” said Robert M. Patterson, Chairman and Chief Executive Officer of Avient. “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 foundation of Avient Protective Materials is the renowned technology and globally admired trademark of Dyneema®, the World’s Toughest Fiber™. The ultra-light special fiber is 15 times stronger than steel and is used in demanding applications, such as ballistic personal protection, marine and sustainable infrastructure, renewable energy, industrial protection and outdoor sports. The company comprises six production sites, four R&D centers and approximately 1,000 employees worldwide.
“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 advanced composites,” said Chris. Pederson, president, Specialty Engineered Materials, Avient. “We look forward to collaborating with our customers to meet the ever-increasing demands for product performance, achievable through innovation and materials science.”
Posted: September 1, 2022
Source: Avient Corporation