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DOMO Chemicals sells its Engineered Materials business

This article was originally posted on Chemical Engineering Online.
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Summary
DOMO Chemicals has agreed to sell its Engineered Materials (EM) business to an affiliate of Lone Star Fund XII, L.P. The proposed deal covers the full EM unit, including manufacturing sites in Premnitz (Germany), Arco (Italy), and Gorzów (Poland), along with certain operations in Belgium, Germany, Spain, and Poland.

What impact do you think this divestment will have on European engineered materials supply chains and DOMO’s strategic direction?

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 […]

The post DOMO Chemicals sells its Engineered Materials business appeared first on Chemical Engineering.

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