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Germany: Transaction Domo Chemicals Completes Acquisition of Solvay’s Performance Polyamides Business

| Editor: Alexander Stark

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.

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Domo Chemicals has completed the acquisition of Solvay’s Performance Polyamides Business in Europe.
Domo Chemicals has completed the acquisition of Solvay’s Performance Polyamides Business in Europe.
(Source: Domo Chemicals)

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.

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