DOMO Engineered Materials & RadiciGroup to join forces to form a global, independent tier-1 compounder
LONE Star Funds has completed the acquisition of DOMO Engineered Materials, a business division of DOMO Group.
DOMO also confirmed the successful completion of the transaction, following the signing of binding agreements with an affiliate of Lone Star Funds in April. The transaction is comprised of the full scope of the Engineered Materials business, including three European manufacturing sites located in Premnitz (Germany), Arco (Italy), and Gorzów (Poland), certain Belgian, German, Spanish, Polish and Indian support functions as well as the international entities operating in Haiyan (China), Mumbai (India), Seoul (South Korea) and Buford (United States).
At the same time, DOMO Engineered Materials is set to join forces with RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses to create a global, independent tier-1 compounding platform. The new organisation will combine established brands, industrial expertise & application know-how, and global reach to strengthen innovation, sustainability, and long-term customer partnerships.
By joining forces, DOMO’s Engineered Materials and RadiciGroup will continue to build on their established technical expertise, industrial know-how, and customer relationships, while contributing to a stronger global platform designed for long-term competitiveness.
Continuity of brands, expertise, and customer commitment
Following completion, the new organisation will continue to offer the well-established TECHNYL® brand, a well-established portfolio providing polyamide compounds (PA6 and PA66) solutions to the technical polymers market for more than 70 years, ensuring continuity for customers and partners worldwide.
As part of the new organisation, Jochen Fabritius has been appointed Chief Executive Officer of the combined platform. He brings more than 25 years of experience from the chemicals and industrial goods sectors.
“I want to personally reassure our customers, partners, and employees that continuity and stability are at the very heart of our priorities. Customers will continue to work with the same teams, the same experts, and the same TECHNYL® solutions, within an organisation clearly focused on long-term sustainability and strong, trusted partnerships,” said Jochen Fabritius.
A new chapter for DOMO Engineered Materials
With the completion of this transaction, DOMO Engineered Materials becomes part of a newly formed, more resilient platform, combining two highly complementary businesses with a strengthened product portfolio, broader geographic reach, and enhanced technical capabilities.
DOMO thanks its employees, customers, suppliers, and partners for their commitment and trust throughout the past months and looks forward to continued and enhanced collaboration within the new structure, supporting long-term sustainable industrial development and innovation.
DOMO is represented in South Africa by Chemipol Solutions (Pty) Ltd
www.lonestarfunds.com
www.radicigroup.com/en
www.domochemicals.com/en
www.chemipol.co.za
