Germany: Transaction Domo Chemicals Completes Acquisition of Solvay’s Performance Polyamides Business
Domo Chemicals announced that it has completed its acquisition of Solvay’s Performance Polyamides Business in Europe. This Business includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland.
Leuna/Germany — With the acquisition of Solvay's European Performance Polyamides Business, Domo Chemicals has taken over production, sales, technical support, R&D and innovation services in France, Spain, Poland, Germany and Italy. The businesses currently have a combined headcount of approximately 1100 employees. The agreement also involves a joint venture between BASF and Domo in France for the production of Adipic Acid.
Yves Bonte, Domo Chemicals CEO, described the acquisition as a significant milestone on the company's path to strengthen its nylon-based engineering materials business. The transaction was an important step in its sustainable growth strategy, he added.