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Synres
From a division within a large, complex corporation to a stand-alone and enterprising medium-sized company. That’s our story with Synres.
About this partnership
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What did we find?
Synres is a proven strong, niche player; however, within DSM, it didn’t receive the necessary attention and space. The focus was lost and opportunities were not grasped eagerly enough. The challenge for Standard Investment was building an independent company that could stand alone without the shared services of DSM, in which the business was once again front and center for the management and where the commercial opportunities for resin technology were exploited.
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What have we achieved?
In the meantime, Synres is operating entirely independently thanks to the implementation of the new processes and necessary (ICT) infrastructure. Synres now makes better-informed decisions and responds faster to changes in the market. Its product portfolio is better aligned with the needs of its clientele. Synres therefore is in a compelling position with plenty of room for growth. We sold Synres in December 2021.
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Synres is a manufacturer of various types of high-quality, solvent-borne resins which act as a binder for coatings. The alkyd, acrylate, and urethane resins are made for the paint and coatings industry, and for a wide range of applications, such as decorative paints and coatings for metal (e.g. ships, bridges, storage tanks, cars) and wood. Synres is located in Hoek van Holland. Standard Investment, together with the management, acquired all shares of Synres B.V. from Koninklijke DSM N.V.
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