ASK Chemicals has purchased SI Group’s industrial resins business and associated manufacturing sites in Rio Claro (Brazil), Ranjangaon (India) and Johannesburg (South
Africa), as well as licensed technology and concluded multiple tolling agreements worldwide. With this acquisition ASK Chemicals is reinforcing its position in the foundry market and at the same time taking a first and substantial step in building a phenolic industrial resins business, an attractive market with promising growth opportunities.
The foundry related business will be integrated into ASK Chemicals’ foundry division, which is one of the world’s largest and most innovative suppliers of foundry chemicals
and consumables. In Brazil, the acquisition does not include any foundry business.
The remainder, and largest part of the business being acquired, serves a wide range of attractive and growing markets and applications such as friction, abrasives, refractory,
paper impregnation, insulation and composites.
Both SI Group and ASK Chemicals Group are committed to ensuring that the transition of the business will be seamless. Customers can continue to expect the usual product
and service quality in the future.
“We are very pleased to join forces in the field of high-performance resins and to enter into new markets for ASK Chemicals Group”, said Frank Coenen, Chief Execuive Officer
of ASK Chemicals Group. “We are impressed by the competences of our new colleagues. They will strengthen even more the company’s talent base.”
Read the Article in your Preferred Language
Portuguese: ASK Chemicals Group conclui aquisição do Negócio de Resinas Industriais da SI Group
Spanish: El Grupo ASK Chemicals concluye la adquisición del negocio de resinas industriales de SI Group
Japanese: ASK ケミカルズが SI グループから工業用樹脂事業の買収を 完了
Chinese: 亚世科化学集团 (ASK Chemicals Group) 完成对 SI 集团工业 树脂业务的收购