-- Agreement Includes Products, Technology, and Manufacturing Assets in Brazil, 
India & South Africa

SI Group, a leading performance additives company, announced today plans to 
complete an agreement to sell the majority of its global Industrial Resins 
business to ASK Chemicals ( 
https://c212.net/c/link/?t=0&l=en&o=3237711-1&h=2784759827&u=http%3A%2F%2Fwww.ask-chemicals.com%2F&a=ASK+Chemicals 
), a portfolio company of private equity firm, Rhone Group, LLC ( 
https://c212.net/c/link/?t=0&l=en&o=3237711-1&h=4276843784&u=http%3A%2F%2Fwww.rhonegroup.com%2F&a=Rh%C3%B4ne+Group%2C+LLC 
). 

Logo - https://mma.prnewswire.com/media/95496/si_group__inc__logo.jpg

The transaction includes SI Group's Industrial Resins products and associated 
manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg, 
South Africa, as well as licensed technology and multiple tolling agreements 
globally. ASK Chemicals, headquartered in Hilden, Germany, is a market leader 
in the foundry materials sector and manufactures binders, coatings, feeders, 
filters, and release agents, as well as metallurgical products including 
inoculants, inoculation wires and master alloys for iron casting.

"We remain confident this is the right strategic move for our employees and our 
business. ASK Chemicals has proven industry expertise that will add significant 
value and continuously enhance these businesses," said David Bradley, President 
& CEO of SI Group. "The deal also allows us to focus more intentionally on 
building and growing our portfolio as a performance additives powerhouse."

SI Group will carve out related businesses at these sites, including the 
manufacture of Rubber & Adhesives, Oilfield, and Surfactants, as well as 
Foundry products in Brazil, and will operate tolling agreements with ASK. The 
company will also retain the Industrial Resins businesses in the U.S. and China.

About SI Group

SI Group is a global leader in the innovative technology of performance 
additives, process solutions, active pharmaceutical ingredients, and chemical 
intermediates. SI Group solutions are essential to enhancing the quality and 
performance of countless industrial and consumer goods within the plastics, 
rubber & adhesives, fuels & lubricants, oilfield, pharmaceutical, and 
industrial resins industries. Headquartered in Schenectady, New York, SI 
Group's global manufacturing footprint includes 24 facilities on five 
continents, serving customers in 90 countries with 2,800 employees worldwide. 
SI Group innovates and drives change to create value with a passion for safety, 
chemistry, and extraordinary results. Learn more at www.siigroup.com.

Media Contact:
Joseph Grande
ph: + 1.413.684.2463
joe@jgrandecommunications.com

SOURCE SI Group