Lone Star acquires polymers businesses of RadiciGroup and DOMO

Lone Star Funds announced that an affiliate of Lone Star Fund XII, L.P. has completed the acquisition of RadiciGroup, with its High Performance Polymers and Specialty Chemicals business areas.

Besides, the London-based private equity firm has signed binding transaction agreements for the acquisition of DOMO Engineered Materials, a business division of DOMO Group, with closing expected to occur imminently.

Both RadiciGroup and DOMO are leading players in the production and sale of polyamide. By combining two highly complementary businesses, Lone Star will create a stronger, more resilient platform with increased resources to accelerate innovation, enhance customer solutions and support long-term growth, says the press release.

Following completion, the combined platform will leverage well-established brands, including RadiciGroup, DOMO and TECHNYL, while continuing to serve customers with a reinforced commitment to quality, reliability and technical innovation.

As part of the transaction, Jochen Fabritius has been appointed CEO of the combined organization. Fabritius brings over 25 years of industry and consulting experience and has been leading companies in the Lone Star portfolio for the last 10 years.

Donald Quintin, Chief Executive Officer of Lone Star, believes this combination will not only strengthen the competitive positioning of the business globally, but also provide the resources and stability needed to drive innovation, support customers and protect industrial know-how and employment.

Since the establishment of its first fund in 1995, Lone Star has organized 26 private equity funds with aggregate capital commitments totaling approximately US$96 billion.