DOMO Chemicals acquires the Engineering Plastics business unit of Aquafil Group
Domo Chemicals and Aquafil have reached an agreement on the acquisition of Aquafil's Engineering Plastics business unit by Domo Chemicals. To date the business unit has a global presence in Europe (Italy, Arco), US (Cartersville) and Asia (China, Jiaxing) with a turnover of above 100 mil. euro and employs 120 people worldwide.
The transaction which integrates an experienced team and a state of the art Engineering Plastics business is part of Domo Chemicals’ strategy to significantly enlarge its global footprint of its forward integrated Engineering Plastics activities.
The Aquafil Group intends to use the resources generated by the sale of the business unit to further focus on and grow its fiber activities and strengthen its global leading position as a "sustainable" manufacturer, thanks to the ECONYL ® Regeneration System.
Note for the editor
A leading highly integrated Caprolactam/nylon6 company serving a global and broad customer base with high quality products in the field of nylon intermediates (Phenol, Cyclohexanone, Caprolactam), nylon 6 polymers, polypropylene polymers, engineering plastics and nylon 6 BCF yarn. Domo Chemicals achieved in 2012 a turnover of about 800 mil. euro and employs 840 people. Domo Chemicals is a privately owned company and part of Domo Investment Group. www.domochemicals.com
Since 1969, Aquafil has been one of the leading players, both in Italy and globally, in the production of polyamide 6. The Aquafil Group has a presence in seven countries on three continents, employing 2140 people at 13 plants located in Italy, Germany, Slovenia, Croatia, the USA, Thailand and China. The Group achieved in 2012 a turnover of 500 mil/euro. Always committed to taking real measures to protect the environment, in 2011 Aquafil started the ECONYL ® Regeneration System project. It is an innovative industrial regeneration process that produces nylon 6 polymer from: • post-consumer waste, i.e. end-of-life products made from polyamide 6, including fishing nets, fluff (from the top of carpets and rugs) and textiles; • pre-consumer waste such as oligomers, scraps, etc., generated from the production of nylon 6.
Sofie De Boever P.A. to Alex Segers, CEO
Tel.: +32(0)9 241 45 19