Country for PR: United States
Contributor: PR Newswire New York
Monday, November 01 2021 - 21:00
AsiaNet
SI Group Completes Sale Of Industrial Resins Business To ASK Chemicals
SCHENECTADY, N.Y., Nov. 1, 2021 /PRNewswire-AsiaNet/--

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

SI Group, a leading performance additives company, announces the completion of 
the sale of a majority of its global Industrial Resins business to ASK 
Chemicals ( 
https://c212.net/c/link/?t=0&l=en&o=3340831-1&h=1041461234&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=3340831-1&h=1694763753&u=http%3A%2F%2Fwww.rhonegroup.com%2F&a=Rh%C3%B4ne+Group%2C+LLC 
). 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. 

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

SI Group is retaining related businesses in Rio Claro, Brazil and will continue 
servicing customers in the Rubber & Adhesives, Oilfield, Surfactants, and 
Foundry markets. SI Group also retains the Industrial Resin 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, and pharmaceutical 
industries. SI Group's global manufacturing footprint includes 21 facilities on 
four continents, serving customers in 90 countries with approximately 2,300 
employees worldwide. In 2021, SI Group received a gold award for corporate 
social responsibility by EcoVadis and is ranked among the top five percent of 
more than 50,000 worldwide companies. 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
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