01.11.2021 – 11:00
Schenectady, N.y. (ots/PRNewswire)
The transaction includes products, technology and manufacturing facilities in Brazil, India and South Africa
SI Group, a leader in high-performance additives, announces the completion of the sale of the majority of its global industrial resins business ASK Chemicals, a private equity portfolio company of Rhône Group, LLC, known. The transaction includes SI Group Industrial Resins products and related manufacturing facilities in Rio Claro, Brazil, Ranjangaon, India, and Johannesburg, South Africa, as well as licensed technologies and multiple global tolling agreements.
SI Group will retain the associated businesses in Rio Claro, Brazil and will continue to serve customers in the rubber and adhesives, oilfield, surfactant and foundry sectors. SI Group also retains the industrial resins business in the United States 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’s solutions are essential to improving the quality and performance of a myriad of industrial and consumer products in the plastics, rubber and adhesives, fuel and lubricants, oilfield and pharmaceutical industries. The SI Group has 21 production sites on four continents, with around 2,300 employees serving customers in 90 countries. In 2021, SI Group received the EcoVadis Gold Award for Social Responsibility and is one of the top five percent of more than 50,000 companies worldwide. SI Group is innovative and drives change to create value, with a passion for safety, chemistry and exceptional results. For more information, see: www.siigroup.com.
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