Royal DSM N.V. announced this morning that it bought out its joint venture partner and acquired full control of a polymer facility at Nylon Polymer Co. in east Augusta.
Shaw Industries Group Inc. and DSM Chemicals North America were previously joint venture partners in NPC.
Financial details and terms of the transaction will not be disclosed, the companies said. The deal closed Jan. 1.
The facility on Columbia Nitrogen Drive makes Akulon Polyamide 6, a thermoplastic used in various everyday applications such as automotive, luggage, electronics, packaging films, lighting and furniture.
For DSM, getting full ownership of the facility is an important step in its strategy to increase its geographical footprint, including expansion into South America.
It helps us to fully exploit our strong backward integration at the Augusta site, where DSM also produces caprolactam, a key raw material for Akulon. The acquisition is also needed to support the additional sales opportunities we have generated, especially in the automotive, furniture and packaging industries, said Koen Devits, President of DSM Engineering Plastics Americas.
The Augusta facility has been integrated into a division of the Netherlands-based company, DSM Engineering Plastics, which has 1,500 employees worldwide.