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SI Group sells most of the global industrial resin business

 Last Update: 2021-07-27
 Source: Internet
 Author: User

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Sinochem News Network News on July 26th, high-performance additives company SI Group announced an agreement with multiple plans to sell most of its global industrial resin business to ASK Chemicals, a portfolio company of private equity firm Rhône Group, LLC
.

The specific financial details were not disclosed

The transaction includes SI Group's industrial resin products and related manufacturing bases in Rio de Janeiro, Brazil, Ranjangaon, India, and Johannesburg, South Africa, as well as technologies and multiple contract processing agreements that have been licensed globally
.

SI Group will divest related businesses from these factories, including the manufacturing of rubber and adhesives, oilfield products and surfactants, and foundry products produced in Brazil, and will sign a contract processing agreement with ASK
.

The company will also retain its industrial resin business in the United States and China

Headquartered in Hilden, Germany, ASK Chemicals is a manufacturer in the foundry materials industry, producing adhesives, coatings, feeders, filters and mold release agents, as well as metallurgical products, including inoculants, inoculants and cast iron Use a master alloy
.

SI Group is a manufacturer of high-performance additives, process solutions, active pharmaceutical ingredients and chemical intermediates
.

S global manufacturing business covers five continents, has 24 factories, provides services to customers in 90 countries and regions, and has 2,800 employees worldwide

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