SI Group Sells Industrial Resin Businesses

摘要

SCHENECTADY,NY-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 Rhone Group LLC.The transaction includes SI Group's industrial resins products and associated manufacturing sites in Rio Claro,Brazil;Ran-jangaon,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 a number of products,including binders and coatings.The deal is expected to close later this year.