M&A Deal Summary

ASK Chemicals Acquires SI Group - Industrial Resin Business

On July 23, 2021, ASK Chemicals acquired chemicals company SI Group - Industrial Resin Business from SI Group

Acquisition Highlights
  • This is ASK Chemicals’ 1st transaction in the Chemicals sector.
  • This is ASK Chemicals’ 1st transaction in Brazil.

M&A Deal Summary
Date 2021-07-23
Target SI Group - Industrial Resin Business
Sector Chemicals
Buyer(s) ASK Chemicals
Sellers(s) SI Group
Deal Type Divestiture

Target

SI Group - Industrial Resin Business

Rio Claro, Brazil
SI Group's Industrial Resin Business provides resin business and associated manufacturing sites in Rio Claro (Brazil), Ranjangaon (India), and Johannesburg (South Africa), as well as licensed technology and multiple tolling agreements globally.

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Buyer(S) 1

Buyer

ASK Chemicals

Hilden, Germany

website

Category Company
Sector Chemicals
DESCRIPTION

ASK Chemicals is a provider of foundry chemicals and auxiliaries. The Company's comprehensive product and service portfolio ranges from binders, coatings, feeders, filters and release agents to metallurgical products such as inoculants, magnesium treatment wires, inoculation wires and master alloys for iron casting. Core production, prototype development and a wide array of simulation services complete the range. ASK Chemicals is based in Hilden, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Brazil) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

SI Group

The Woodlands, Texas, United States

website

Category Company
Founded 1906
Sector Chemicals
DESCRIPTION

SI Group is a developer and manufacturer of performance additives and intermediates solutions for industrial and consumer goods. SI Group was founded in 1906 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Brazil) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Addivant

Danbury, Connecticut, United States

Addivant is a provider of a comprehensive portfolio of additives including antioxidants, antiozonants, inhibitors, polymer modifiers and UV stabilizers used by customers to improve the production and performance properties of polymers, plastics and rubbers. Addivant is headquartered in Connecticut and maintains a global footprint with 11 plants on five continents.

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