Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 SI Group Selling Industrial Resin Business to ASK Chemicals - Coatings World

What are you searching for?

Sign in
Breaking News, Industry News

SI Group Selling Industrial Resin Business to ASK Chemicals

Agreement includes products, technology and manufacturing assets in Brazil, India and South Africa.

Author Image

By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

SI Group announced an agreement to sell the majority of its global industrial resin businesses and its Brazilian specialty business to ASK Chemicals, a portfolio company of private equity firm, Rhône Group, LLC.
 
The transaction includes SI Group’s industrial resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg and Durban, South Africa, as well as licensed technology and multiple tolling agreements globally. 
 
ASK Chemicals, headquartered in Hilden, Germany, is a market leader in the foundry materials sector and manufactures binders, coatings, feeders, filters and release agents, as well as metallurgical products including inoculants, inoculation wires and master alloys for iron casting. The deal is expected to close later this year. 
 
“While the industrial resins business has long been a part of the SI Group portfolio, the decision to sell this portion of the business affords us the opportunity to reshape our portfolio,” said David Bradley, president & CEO of SI Group. “The sale of this business provides proprietary technology and know-how in the industrial resins business to ASK while realigning our focus around performance additives.”

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters

Topics