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SI Group 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, Rhône 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.
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 announces agreement to purchase Baytown, Texas Facility
SI Group, a developer and manufacturer of chemical intermediates, specialty resins, and solutions, announced today an agreement to acquire TPC Group’s Baytown, Texas manufacturing facility. The agreement includes an on-site terminal and manufacturing assets for nonene, tetramer, and other p ... more
Clariant and Ashland complete sale of ASK Chemicals JV
Clariant and Ashland Inc.announced the closing of the previously announced sale of their joint venture ASK Chemicals, headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm on 30 June 2014. The enterprise value ... more
Clariant and Ashland to sell ASK Chemicals
Clariant and Ashland Inc. announced that they have entered into a definitive agreement to sell their joint venture, ASK Chemicals headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm. The enterprise value of ... more
Ashland and Süd-Chemie to combine global business activities in the metal casting industry
Ashland Inc. and Süd-Chemie AG signed a nonbinding memorandum of understanding to form a new, global joint venture to serve foundries and the metal casting industry. When final agreements are reached, each parent company will hold a 50-percent share of the joint venture, which is planned to ... more
ASK Chemicals is one of the largest suppliers of complete solutions and tailor-made consultation services for the foundry industry. more
