The integration of the strong Technical Polymers team, with a longstanding and broad experience in the formulation and development of thermoplastic compounds, complements the Domo Chemicals organization. Together with the recent decision to invest in a state-of-the-art nylon compounding plant in China this acquisition significantly enhances the global supply capabilities of the Business Unit Engineering Plastics with operations in Germany, Italy, China and US (Georgia). Alex Segers, CEO of Domo Chemicals, says "Gary Foote and Ron Kay, co-founders of Technical Polymers, have built a unique business with a diverse portfolio of Nylon products and a range of high performance polymers. This acquisition, integrating a great team of people, perfectly fits into our strategy to grow our innovative capabilities and globally strengthen the business and service level to our customers."
Gary Foote, President of Technical Polymers, adds: “Our team is very pleased with this transaction. We view this as a perfect fit for the Technical Polymers business that we have built over the years and see significant synergy benefits.”
The current Technical Polymers Management will be an integral part of the leadership team of Domo Engineering Plastics in the US, and will ensure continuity in the growth efforts on the US market, and globally.
