DOMO Chemicals has declared that an affiliate of Lone Star Funds has agreed to attain its Engineered Materials (EM) business, signifying a considerable reshaping of the company’s polymers portfolio.
The transaction spans the entire Engineered Materials department, such as 3-European production sites in Premnitz (Germany), Arco (Italy), and Gorzów (Poland), along side support features across Belgium, Germany, Spain, Poland and India. It also includes worldwide operations in Haiyan (China), Mumbai (India), Seoul (South Korea) and Buford (United States).
Beyond production, the deal pulls in main commercial and technical assets: sales and advertising teams in France, the Lyon application center target on engineering materials science, and downstream application development and testing out capabilities. It also consists of masterbatch industrial activities and related technical and administrative functions.
Importantly, Lone Star Funds has also obtained the intellectual property portfolio of the DOMO EM business, which includes the TECHNYL brand, a nicely-established portfolio offering polyamide compounds (PA6 and PA66) solutions to the technical polymers market for more than 70 years.
One notable exception: the Belle Étoile manufacturing assets are excluded from the deal and continue to be subject to a separate legal process under court-appointed administrators.
The acquisition forms on Lone Star’s in advance purchase of RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses, moreover cementing its role in the specialty polymers sector.
The integrated platform is anticipated to supply a broader and more complementary product portfolio, wider geographic footprint, and stronger capabilities throughout end markets together with automotive, construction, consumer goods, and industrial applications.
Leadership continuity is being maintained via the transition. The DOMO EM leadership team will, in due course, report to Jochen Fabritius, who has been appointed by Lone Star to lead the future organization.
