SI Group Completes Sale Of Industrial Resins Business To ASK Chemicals
PR92714
SCHENECTADY, N.Y., Nov. 1, 2021 /PRNewswire=KYODO JBN/--
-- Transaction Includes Products, Technology, and Manufacturing Assets in
Brazil, India & South Africa
SI Group, a leading performance additives company, announces the completion of
the sale of a majority of its global Industrial Resins 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; Ranjangaon, India; and
Johannesburg, South Africa, as well as licensed technology and multiple tolling
agreements globally.
Logo - https://mma.prnewswire.com/media/95496/si_group__inc__logo.jpg
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.
About SI Group
SI Group is a global leader in the innovative technology of performance
additives, process solutions, active pharmaceutical ingredients, and chemical
intermediates. SI Group solutions are essential to enhancing the quality and
performance of countless industrial and consumer goods within the plastics,
rubber & adhesives, fuels & lubricants, oilfield, and pharmaceutical
industries. SI Group's global manufacturing footprint includes 21 facilities on
four continents, serving customers in 90 countries with approximately 2,300
employees worldwide. In 2021, SI Group received a gold award for corporate
social responsibility by EcoVadis and is ranked among the top five percent of
more than 50,000 worldwide companies. SI Group innovates and drives change to
create value with a passion for safety, chemistry, and extraordinary results.
Learn more at www.siigroup.com.
Media Contact:
Joseph Grande
ph: + 1-413-684-2463
joe@jgrandecommunications.com
SOURCE: SI Group
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