News
ASK Chemicals to acquire industrial resin business from SI Group
Tweet
Hilden, July 23, 2021 – ASK Chemicals, one of the world’s leading suppliers of foundry chemicals, announces that they have entered into a definitive agreement to purchase the industrial resin business from SI Group (New York, USA). With this acquisition, ASK Chemicals is reinforcing its position in the foundry market and at the same time strengthening its non-foundry business.
ASK Chemicals and SI Group have agreed on the purchase of SI Group’s industrial 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. The transaction is expected to close later this year.
SI Group will carve out the rubber and adhesives business, oilfields and surfactants, as well as foundry products in Brazil, and will operate tolling agreements with ASK Chemicals. SI Group’s industrial resin business serves a wide range of markets and applications such as foundry, friction, abrasives, refractory, paper impregnation, insulation and composites.
Source: ASK Chemicals
Tweet
Related News
- Stay Ahead in Nonferrous and Lightweight. Follow Diecasting & Nonferrous China 2026
- European Foundry Industry in Transition – New Opportunities Through the Defense Sector
- Global pig iron production fell by 4.4% y/y in October
- India sharply increased iron ore imports by more than 200% y/y in January-October
- EU plans to limit exports of aluminium scrap
- Calderys Group celebrates 160 years of innovation and industrial excellence
- Foundries in Transition: Why Humanoid Robots Are Now in Demand
- Iron ore exports from Brazil increased by 5.7% y/y in January-October
- See all News
