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SI Group recently announced that it will sell most of its global industrial resin business and its Brazilian-specific business to private equity firm Rh?ne Group, a portfolio firm owned by LLC, ask Chemicals.
the deal involves St. Lecote International Group's industrial resin products and related production sites in Rio Claire, Brazil, Ranjangaon, India, and Johannesburg and Durban, South Africa, in connection with licensing technologies and a number of processing agreements worldwide. The deal is expected to close later this
.
, N.Y., with more than 30 production facilities on five continents, annual sales of approximately $2 billion and more than 3,000 employees worldwide. The company is the world's leading developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates, and has a strong market position in the plastics, oilfields, rubber, fuel and lubricants, API and industrial resin industries.
headquartered in Hilden, Germany, Ascot Chemical is a market leader in foundry materials, specializing in the production of adhesives, coatings, feeders, filters and release agents, as well as metallurgical products.
