M&As: Lone Star acquires Radici’s polymers/specialty chemicals, Domo bizs; Ineos sells sulphur dioxide biz to Ecovyst
Having announced the acquisition last year, US-based Lone Star Funds says that an affiliate of Lone Star Fund XII, L.P. has completed the acquisition of RadiciGroup, with its High Performance Polymers and Specialty Chemicals business areas, and have signed binding transaction agreements for the acquisition of Domo Engineered Materials, a business division of DOMO Group, with closing expected to occur imminently.
The simultaneous acquisition of these businesses will bring together two established platforms to form a global, independent tier-1 compounder. The future combined business will benefit from a broad and complementary product portfolio, expanded geographic reach and enhanced capabilities to serve a diversified range of end markets, including automotive, construction, consumer and industrial applications. By combining these businesses, Lone Star says it will create a stronger, more resilient platform with increased resources to accelerate innovation, enhance customer solutions and support long-term growth.
The transaction also preserves critical industrial capabilities across several geographies where teams will benefit from operating as part of this stronger and more resilient platform. Following completion, the combined platform will leverage well-established brands, including RadiciGroup, Domo and Technyl, while continuing to serve customers with a reinforced commitment to quality, reliability and technical innovation.
As part of the transaction, Jochen Fabritius has been appointed CEO of the combined organisation.
In other news, Ineos Enterprises has agreed to sell Ineos Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst.
Ineos Calabrian operates manufacturing sites in Port Neches, Texas, US, and Timmins, Ontario, Canada. The completion is expected by the end of June 2026.
The deal is valued at US$190 million.
Ashley Reed, Chairman of Ineos Enterprises, said:
“Ineos Calabrian has been part of Ineos Enterprises for the past ten years, during which time it has delivered significant improvements in safety, operational performance and financial results. This transaction, valued at US$190 million, reflects our disciplined approach to portfolio management — acquiring businesses, improving them at pace, and realising value.”
He also added that though Calabrian is a strong, well-positioned semi-speciality chemicals business, it is not a core fit within Ineos’s long-term portfolio.
“Ecovyst is well placed to take the business forward and support its next phase of growth,” he furthered.
(PRA)SUBSCRIBE to Get the Latest Updates from PRA Click Here»
