SI Group, a performance additives company, announces the sale of a majority of its global industrial resins business to ASK Chemicals, a portfolio company of private equity firm, Rhône Group, LLC.
Transaction Includes Products & Manufacturing Assets
The transaction includes SI Group’s Industrial Resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg, South Africa, as well as licensed technology and multiple tolling agreements globally.
SI Group is retaining related businesses in Rio Claro, Brazil, and will continue servicing customers in the rubber & adhesives, oilfield, surfactants, and foundry markets. SI Group also retains the Industrial Resin businesses in the U.S. and China.
SI Group is a provider of innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates.
Additives from SI Group
Source: ASK Chemicals