20/08/2019 – High Performance Fibers, Polymer and Intermediates operations change the owner — auf Deutsch lesen
Domo Chemicals gets bigger
Domo Chemicals signs agreement to acquire Solvay’s Performance Polyamides Business in Europe
Speaking for Domo Chemicals, Alex Segers, CEO called the acquisition "a major step forward". © Domo Chemicals
This includes Engineering Plastics operations in France and Poland; The agreement also involves a joint venture between BASF and Domo in France for the production of Adipic Acid. The Business comprises Production, Sales, Technical Support, R&D and Innovation services which currently have a combined headcount of approximately 1100 employees. The acquisition, which is subject to approval by the competent competition authorities, is expected to close by the end of Q4 2019. The purchase price to be paid by Domo on a cash and debt-free basis would amount to Euro 300 million.
Alex Segers, CEO Domo Chemicals:
"By integrating the complementary strengths of the diverse teams and talents of both companies, we will enhance our excellence towards our customers by building a unique and competitive integrated Nylon solution provider (6 and 6.6) driven by a strong innovation platform to push future sustainable growth".
