Dutch life sciences and materials sciences company DSM has finalised the sale of DSM Synres to private equity firm Standard Investment. Financial details of the sale, which was announced on December 17 last year, were not disclosed.

DSM Synres produces solvent-borne alkyd and acrylic coating resins at its site in Hoek van Holland for the global coatings, adhesives and graphic arts markets. It has sales of around €50 million and about 80 employees.

Standard Investment, based in Amsterdam, focuses on small and medium-sized enterprises in the Netherlands and Belgium. It has acquired 18 companies since its establishment in 2004.