DOMO Chemicals (Leuna, Germany) announced that an affiliate of Lone Star Fund XII, L.P. has agreed to acquire its Engineered Materials (EM) business.
The proposed transaction comprises the full scope of the Engineered Materials business, including three European manufacturing sites located in Premnitz (Germany), Arco (Italy), and Gorzów (Poland), certain Belgian, German, Spanish, Polish and Indian support functions, as well as the international entities operating in Haiyan (China), Mumbai (India), Seoul (South Korea) and Buford (United States).
The transaction further includes the sales and marketing functions in France, application center in Lyon, covering engineering materials science, and final application development and testing activities, the masterbatch industrial activities as well as associated technical and administrative functions.
As part of the agreement, Lone Star Funds has acquired the intellectual property portfolio of the DOMO EM business, including the TECHNYL® brand, a well-established portfolio providing polyamide compounds (PA6 and PA66) solutions to the technical polymers market for more than 70 years.
The Belle Étoile production assets are not included in the scope of the transaction and remain subject to a separate legal process under the responsibility of court-appointed administrators.
The acquisition of DOMO EM follows Lone Star’s acquisition of RadiciGroup’s High Performance Polymers and Specialty Chemicals business units, further reinforcing its position in the specialty polymers sector.
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.
DOMO EM leadership team will, in due course, report to Jochen Fabritius, appointed by Lone Star to lead the future organisation, ensuring strong leadership oversight while preserving continuity across both organizations.