M&As: Biesterfeld acquires majority stake In OSP; RadiciGroup/Domo join forces to create tier-1 compounder

Germany-based Biesterfeld, a distribution and service company in the field of polymers, rubber, specialty chemicals and ingredients, has acquired a majority stake in South Korean company OSP, a distributor of specialty chemicals and polymers for industrial applications. Founder D. W. Kim will remain actively involved as a joint venture partner. The signing took place yesterday.

Founded in 1993, OSP is a well-established distributor of raw materials and additives for polyurethanes, coatings & adhesives, polymers, composites and specialty chemicals for the electronics industry. Through long-standing partnerships with companies such as Dow, DuPont, Evonik, BASF, and Celanese, OSP supplies products to a wide range of high-tech industries, including automotive, marine, electronics, and consumer goods.

The joint venture is focused on creating added value for customers by supporting the consulting, selection, testing, qualification and implementation of tailored material solutions that meet specific technical requirements.

Stephan Glander, CEO of Biesterfeld SE, explains: " With this new joint venture we are now able to further strengthen customer-centric approach."

D.W. Kim, Founder/Owner of OSP, says: “We are very pleased to enter this joint venture with Biesterfeld. Their 120 years of technical consulting experience and strong industrial application expertise make them an ideal partner for the next stage of OSP’s development."

In other news, Lone Star Funds has announced the completion of the acquisition of Domo Engineered Materials, a business division of Domo Group, which is set to join forces with

RadiciGroup’s High Performance Polymers & Specialty Chemicals.

The new organization will combine established brands, industrial expertise & application know-how, and global reach to strengthen innovation, sustainability, and long-term customer partnerships.

This closing marks the final step of the transaction process and paves the way for the full integration of Domo Engineered Materials into the new global platform created by Lone Star through the simultaneous acquisition of RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses and Domo Engineered Materials.

The combined platform will serve a diversified range of end markets, including automotive, electrical and electronics, construction, consumer, and industrial applications. It will benefit from increased scale, enhanced resilience, and expanded resources to accelerate innovation and sustainability.

By joining forces, the companies say they 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.

Following completion, the new organization will continue to offer the established Technyl brand, ensuring continuity for customers and partners worldwide.

As part of the new organization, Jochen Fabritius has been appointed CEO of the combined platform. He brings more than 25 years of chemicals & industrial goods industry experience.

With the completion of this transaction, RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses, together with Domo Engineered Materials, become part of a newly formed, more resilient platform, set to combine two highly complementary businesses with a strengthened product portfolio, broader geographic reach and enhanced technical capabilities, the companies added.

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