NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
No Result
View All Result
Home ALL Chemical

ASK CHEMICALS GROUP COMPLETES ACQUISITION OF THE INDUSTRIAL RESIN BUSINESS FROM SI GROUP

by Emma Jones
November 2, 2021
A A

Hilden, October 31, 2021: ASK Chemicals Group has completed the acquisition of the industrial resins business from SI Group (New York, USA). With this transaction, ASK Chemicals Group, headquartered in Hilden near Düsseldorf (Germany), is strengthening its position as a global supplier of high-performance industrial resins.

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.”

Tags: < Invest | M&A
ShareTweetShareSend

Related Industries

Chemical

BASF breaks ground on MDI capacity expansion project at Geismar site

January 12, 2023
Dow named one of America’s most JUST Companies for the fourth year by JUST Capital
Chemical

Dow named one of America’s most JUST Companies for the fourth year by JUST Capital

January 11, 2023
Chemical

Celanese Recognized By Newsweek as one of America’s Most Responsible Companies

December 20, 2022
Chemical

3M’s school zone safety transformations making progress toward pedestrian visibility and road safety

December 16, 2022
Chemical

The Science of Speed: Dow and USA Luge renew long-standing partnership

December 15, 2022
Chemical

Dow further commits to automotive innovation with launch of selective adhesion liquid silicone rubber series

December 9, 2022

Microsoft and Viasat announce new partnership to deliver internet access to underserved communities globally

January 15, 2023

...

Hilton Unveils New Brand, Spark by Hilton, a Value‑Driven Offering That Proudly Delivers Reliable Essentials and Friendly Service

January 12, 2023

...

Medtronic recommends rejection of below-market mini-tender offer by TRC Capital Investment Corporation

January 26, 2023

...

Ford Joins the Virtual Power Plant Partnership as a Founding Member to Support Grid Resiliency and Emissions Reductions

January 11, 2023

...

Dow named one of America’s most JUST Companies for the fourth year by JUST Capital

Dow named one of America’s most JUST Companies for the fourth year by JUST Capital

January 11, 2023

...

KKR Appoints Tim Lawler as Executive Advisor

January 18, 2023

...

The Ritz-Carlton Leadership Center Appoints Amanda Joiner as New Global Vice President

January 11, 2023

...

Cargill Announces CFO Transition

January 10, 2023

...

Mark Parker To Be Named Chairman Of The Walt Disney Company

January 12, 2023

...

NORTH AMERICAN BUSINESS (www.na-biz.com) is a leading source of business and corporate news, information, industry trends, market updates and insights across a broad spectrum of industries in North America and worldwide.

INDUSTRIES

  • Aero
  • Agriculture
  • ALL
  • Automotive
  • Business Service
  • Chemical
  • Construction
  • Construction Materials
  • Consumer
  • Education
  • Energy
  • Entertainment
  • Environmental
  • F&B
  • Financial
  • Healthcare
  • Hospitality
  • Industrial
  • IT
  • IT Hardware
  • Logistic
  • Metal & Mining
  • Packaging & Paper
  • Rail
  • Real Estate
  • Telecom

CONTACT US

EDITORIAL:     editor#na-biz.com

PARTNERSHIP:     biz#na-biz.com

HUMAN RESOURCE:     hr#na-biz.com

* (replace # with @)

  • Official Site

Copyright © NA-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © NA-BIZ.COM All rights reserved.