DOMO Engineered Materials joins forces with RadiciGroup
Lone Star Funds announced the successful completion of the acquisition of DOMO Engineered Materials. DOMO Engineered Materials is set to join forces with RadiciGroup’s High Performance Polymers & Specialty Chemicals.
The new organization will combine established brands, industrial expertise & application know-how, and global reach to strengthen innovation, sustainability, and long-term customer partnerships.
The combined platform will serve a diversified range of end markets, including automotive, electrical and electronics, construction, consumer, and industrial applications. It will benefit from increased scale, enhanced resilience, and expanded resources to accelerate innovation and sustainability.
Following completion, the new organization will continue to offer the well-established TECHNYL brand, ensuring continuity for customers and partners worldwide.
As part of the new organization, Jochen Fabritius has been appointed Chief Executive Officer of the combined platform. He brings more than 25 years of chemicals & industrial goods industry experience.
With the completion of this transaction, RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses, together with DOMO Engineered Materials, become part of a newly formed, more resilient platform, set to combine two highly complementary businesses with a strengthened product portfolio, broader geographic reach and enhanced technical capabilities.
