SI Group to sell industrial resins business to ASK Chemicals
SI Group has announced plans to sell the majority of its global industrial resins business to ASK Chemicals.
SI Group intends to sell the majority of its industrial resins business.
Image source: 350543 - Pixabay (symbol image).
The transaction includes SI Group’s industrial resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg, South Africa, as well as licensed technology and multiple tolling agreements globally. ASK Chemicals, headquartered in Hilden, Germany, is a market leader in the foundry materials sector and manufactures binders, coatings, feeders, filters, and release agents, as well as metallurgical products including inoculants, inoculation wires, and master alloys for iron casting.