ASK Chemicals Announces Agreement to Acquire SI Group’s Resin Business
HILDEN, Germany – ASK Chemicals announced that the company has entered into a definitive agreement to purchase SI Group’s Industrial Resins business. With this acquisition, ASK Chemicals reinforces its position in the foundry market and at the same time strengthens its non-foundry business. The transaction is expected to close later this year.
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.