ARTICLE
ASK Chemicals, one of the world’s leading suppliers of foundry chemicals, announces that they have entered into a definitive agreement to purchase the industrial resin business from SI Group (New York, USA). With this acquisition, ASK Chemicals is reinforcing its position in the foundry market and at the same time strengthening its non-foundry business. ASK Chemicals and SI Group have agreed on the purchase of SI Group’s industrial resin business and associated manufacturing sites in Rio Claro (Brazil), Ranjangaon (India), and Johannesburg (South Africa), as well as licensed technology and multiple tolling agreements globally. The transaction is expected to close later this year. SI Group will carve out the rubber and adhesives business, oilfields and surfactants, as well as foundry products in Brazil, and will operate tolling agreements with ASK Chemicals. SI Group’s industrial resin business serves a wide range of markets and applications such as foundry, friction, abrasives, refractory, paper impregnation, insulation and composites. About ASK Chemicals ASK Chemicals is one of the world’s largest suppliers of foundry chemicals and auxiliaries. Its comprehensive product and service portfolio ranges from binders, coatings, feeders, filters and release agents to metallurgical products such as inoculants, magnesium treatment wires, inoculation wires and master alloys for iron casting. Core production, prototype development and a wide array of simulation services complete the range. With research and development locations in Europe, America and Asia, ASK Chemicals sees itself as a driving force behind foundry technology innovations coupled with the commitment to consistently provide added value to its customers. Flexibility and speed, quality and sustainability, as well as profitability of products and services are crucial for the company.