DOMO And RadiciGroup Move Forward With Formation Of Global Tier-1 Compounding Leader
- Lone Star Funds today announced the successful completion of the acquisition of DOMO Engineered Materials, a business division of DOMO Group.
- At the same time, DOMO Engineered Materials is set to join forces with RadiciGroup’s High Performance Polymers & Specialty Chemicals businesses to create a global, independent tier-1 compounding platform.
- The new organization will combine established brands,industrial expertise & application know-how, and global reach to strengthen innovation, sustainability, and long-term customer partnerships
DOMO confirms the successful completion of the transaction involving its Engineered Materials division, following the signing of binding agreements with an affiliate of Lone Star Funds in April.
This closing marks the final step of the transaction process and paves the way for the full integration of DOMO Engineered Materials into the new global platform created by Lone Star through the simultaneous acquisition of RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses and DOMO Engineered Materials.
A Stronger Industrial Platform for the Future
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.
By joining forces, DOMO’s Engineered Materials & RadiciGroup will continue to build on their established technical expertise, industrial know-how, and customer relationships, while contributing to a stronger global platform designed for long-term competitiveness.
Continuity of Brands, Expertise, and Customer Commitment
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.
“I want to personally reassure our customers, partners, and employees that continuity and stability are at the very heart of our priorities. Customers will continue to work with the same teams, the same experts, and the same TECHNYL solutions, within an organization clearly focused on long-term sustainability and strong, trusted partnerships,” said Jochen Fabritius.
A New Chapter for DOMO Engineered Materials
With the completion of this transaction, DOMO Engineered Materials becomes part of a newly formed, more resilient platform, combining two highly complementary businesses with a strengthened product portfolio, broader geographic reach, and enhanced technical capabilities.
DOMO thanks its employees, customers, suppliers, and partners for their commitment and trust throughout the past months and looks forward to continued & enhanced collaboration within the new structure, supporting long-term sustainable industrial development and innovation.
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