Radici-Domo acquisition & merger moves forward
Dallas-based Lone Star Funds has finalised the acquisition of RadiciGroup, a producer of high-performance polymers and specialty chemicals headquartered in Bergamo, completing a project announced last year. It has also signed a binding transaction to acquire DOMO Engineered Materials, the performance polyamide division of Dutch chemicals company Domo, which is expected to be finalised shortly.
These transactions will create a “global, independent tier-1 compounder” capable of innovating and addressing customer demands. But it also “preserves critical industrial capabilities across several geographies”, reads the Lone Star statement.
Jochen Fabritius has been named CEO of the new combined business. The executive was previously CEO of Evoca, an out-of-home coffee and vending machine company, also owned by Lone Star.
