Founded in 1996 and headquartered at Gendorf, Bavaria, Germany, Dyneon is a premier manufacturer and innovation leader in the global specialty polymer market. 3M Deutschland GmbH‘s exit from PFAS manufacturing included the manufacturing activities by fluoropolymer producer Dyneon GmbH, at the time one of the world's leading manufacturers of high-performance fluoropolymers and specialty additives. In connection with the exit, the Company was focused on an orderly cessation of production.
With currently approximately 400 employees, the Company operates one of the world’s most advanced fluoropolymer production facilities with an annual capacity of 18,000 tons. Dyneon specializes in high-performance fluoropolymers, essential across key industries including semiconductor manufacturing, advanced medical technologies, electric vehicle batteries, aerospace engineering, and energy extraction. Committed to the Company's production site in Gendorf Chemical Park, Capmont will work closely with Dyneon's management to ramp up manufacturing operations, targeting revenues of more than EUR 300 million and a total workforce of more than 500 employees.
Unlike conventional hydrocarbon-based alternatives, Dyneon's fluorinated polymers have unique electrical properties making them structurally vital for modern electronics and telecommunications infrastructure. Their superior performance characteristics – heat and chemical resistance, strong electrical insulation, and flexibility – help industrial equipment, machinery, and engines run more safely, last longer, and hold up better over time.
The global fluoropolymer market is currently estimated at USD 8-9 billion, with baseline demand expanding at approximately 4% annually, driven by the products’ unique characteristics and irreplaceability in mission-critical applications across a broad range of industries.
"Dyneon is exceptionally well positioned in the global market thanks to its highly sophisticated production capabilities and is poised to return to the market and serve customers worldwide with products that are essential across a wide range of applications and industrial manufacturing processes," said Dr. Stephan Beller, Partner at Capmont Special Opportunities. "In addition, Dyneon is a leader in recycling and circularity in polymer production, addressing both stringent safety requirements and sustainability considerations," Beller added.
"The partnership with Capmont marks the beginning of a new chapter for Dyneon. With the right ownership structure and a committed industrial base at Gendorf Chemical Park, we are well positioned to leverage the deep expertise of our team and build on our strong market presence to bring Dyneon back to global markets, reconnect with customers and re-establish the Company as a leading player in its industry," said Burkhard Anders, Managing Director, Dyneon GmbH.
Capmont was advised by Simon-Kucher & Partners as commercial advisor, Baker Tilly as financial & tax advisor, bluekey solutions as IT advisor and Clifford Chance, Buntscheck and YPOG as legal advisors.
About Dyneon GmbH
Founded in 1996 and headquartered at Gendorf, Germany, Dyneon GmbH is a formerly leading manufacturer of high-performance fluoropolymers and specialty additives currently in hibernation. With currently approximately 400 highly skilled employees, the Company is well suited to serve customers globally across the semiconductor, aerospace, medical technology, electric vehicle and energy sectors. Dyneon is a recognized worldwide innovation leader in specialty chemicals recycling and sustainable production.
For more information, visit www.dyneon-polymers.com
About Capmont
Capmont is an entrepreneurial private capital investment manager with offices in Zurich, Munich, Warsaw and Luxembourg, overseeing more than EUR 1.5 billion in assets under management across its Private Equity and Technology strategies. Capmont Private Equity invests in small- and mid-cap companies situated in Europe, particularly DACH and surrounding regions. Capmont’s Private Equity Special Opportunities strategy targets complex transactions - including corporate carve-outs, restructurings and special situations with substantial value creation and operational improvement potential. As an active hands-on investor with its in-house, dedicated value creation team, Capmont supports its portfolio companies not only with capital but also with operating and strategic expertise to achieve profitable and sustainable growth.
For more information, visit www.cmont.com