iGM Resins develops and manufactures photoinitiators, energy-curing oligomers and monomers, additives and related technologies. Its manufacturing operations in Europe and Asia are supported by technical laboratories that provide application expertise and product-development assistance.

Jiuri develops and manufactures photoinitiators and other UV-curable materials. Its capabilities include chemical manufacturing, process development and industrialization, along with customer relationships in China and other international markets.

The companies said the combination is intended to create a global energy-curing solutions platform with greater flexibility in serving customers across regions.

Connecting Materials Development and Production

Energy-curing materials are used in established coatings, printing-ink and adhesive applications. The companies also pointed to growing requirements in electronics, optics, 3D printing and advanced manufacturing.

Those applications can place additional demands on photochemistry, processing, reliability and materials performance. Under the proposed ownership structure, the companies plan to connect specialty-material development, application testing and manufacturing more closely.

iGM would contribute its specialty technologies, regulatory and application knowledge, international customer relationships and manufacturing capabilities. Jiuri would add photoinitiator expertise, process-development capabilities, chemicals manufacturing and broader access to the Chinese market.

The companies said that combination could support customers from initial formulation and testing through commercial production. They also identified evolving sustainability requirements as an area where customers increasingly need coordinated materials and technical support.

Jiuri, founded in 1998 and headquartered in Tianjin, China, supplies photoinitiators and other UV-curable materials for coatings, inks, adhesives, composites and 3D-printing applications. The company also produces photosensitive materials used in semiconductor and display applications.

Astorg Acquired iGM in 2018

Astorg acquired iGM Resins in 2018.

The investment firm said it subsequently worked with iGM’s management to strengthen the company’s strategic position, improve operating efficiency, invest in innovation and expand its commercial capabilities.

Astorg also cited an operational turnaround undertaken during difficult European chemical-market conditions in 2022 and 2023. According to the firm, that work strengthened the business and prepared it for its next phase of development.

iGM is headquartered in Waalwijk, the Netherlands. In October, the company opened a larger Asia-Pacific flagship office in Shanghai to support customer collaboration and growth in China and the wider region.

The transaction is subject to regulatory approvals and other customary closing conditions. Completion is expected during the first quarter of 2027.

Financial terms were not disclosed.

Until the transaction closes, iGM Resins and Jiuri will remain separate companies and will maintain their existing operations and customer relationships.