DOMO Chemicals, a leading producer of engineering materials announced that the company has completed its acquisition of Solvay’s Performance Polyamides Business in Europe.
The acquired business includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland. The agreement also involves a joint venture between BASF and DOMO in France for the production of Adipic Acid.
Yves Bonte, DOMO Chemicals CEO, said “As a final step in the acquisition, we will now start our process of exploring and integrating the complementary strengths of the diverse teams and talents. Our prime focus will continue to be serving our customers’ needs and meeting their requirements as we set out to become a unique integrated Nylon (6 and 6.6) solution provider”.
“New and existing customers of both Domo Chemicals and the acquired Business will now be able to access even more high quality, innovative and sustainable solutions for their development of processes, products and applications in the ongoing very dynamic market environment”, Mr. Bonte added.
Domo Chemicals to Acquire Solvay’s Nylon Business in Europe for €300M