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DOMO Chemicals to acquire Solvay's business in Europe

Related Keywords: BASF, DOMO, Europr, France, nylon, nylon 66, Poland, polyamides, polymer, raw material, Recycle, Spain, supply, US

DOMO Chemicals and Solvay have signed today an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain & Poland. The agreement also involves a joint venture between BASF and DOMO in France for the production of Adipic Acid. The Business comprises Production, Sales, Technical Support, R&D and Innovation services which currently have a combined headcount of approximately 1100 employees.

Staple fiber, filament, and nonwovens is centre of interest for Oerlikon Manmade Fibers Segment

Related Keywords: Chemnitz, filament, Manmade Fibers Segment, nonwovens, Oerlikon, polyamides, polyester, polyethylene, polypropylene, staple fiber, Starlinger, textile packaging

The final closing is planned for the end of the third quarter of this year. The Austrian Starlinger Group based in Vienna will take over the German business unit from Chemnitz also known under the brand name ‘Barmag Spinnzwirn’. Both parties have agreed to not disclose the purchase price. The purchase contract was signed accordingly by both companies this week.

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