Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, November 02 2021 - 02:01
ASK Chemicals Group completes acquisition of the industrial resin business from SI Group
HILDEN, Germany, November 1, 2021 /PRNewswire-AsiaNet/ --

ASK Chemicals Group has completed the acquisition of the industrial resins 
business from SI Group (New York, USA). With this transaction, ASK Chemicals 
Group, headquartered in Hilden near Düsseldorf (Germany), is strengthening its 
position as a global supplier of high-performance industrial resins.

ASK Chemicals has purchased SI Group's industrial resins business and 
associated manufacturing sites in Rio Claro (Brazil), Ranjangaon (India) and 
Johannesburg (South Africa), as well as licensed technology and concluded 
multiple tolling agreements worldwide. 

With this acquisition ASK Chemicals is reinforcing its position in the foundry 
market and at the same time taking a first and substantial step in building a 
phenolic industrial resins business, an attractive market with promising growth 

The foundry related business will be integrated into ASK Chemicals' foundry 
division, which is one of the world's largest and most innovative suppliers of 
foundry chemicals and consumables. In Brazil, the acquisition does not include 
any foundry business. 

The remainder, and largest part of the business being acquired, serves a wide 
range of attractive and growing markets and applications such as friction, 
abrasives, refractory, paper impregnation, insulation and composites. 

Both SI Group and ASK Chemicals Group are committed to ensuring that the 
transition of the business will be seamless. Customers can continue to expect 
the usual product and service quality in the future. 

"We are very pleased to join forces in the field of high-performance resins and 
to enter into new markets for ASK Chemicals Group", said Frank Coenen, Chief 
Execuive Officer of ASK Chemicals Group. "We are impressed by the competences 
of our new colleagues.  They will strengthen even more the company's talent 


ASK Chemicals Group, headquartered in Hilden near Düsseldorf (Germany), is a 
global supplier of high-performance industrial resins and materials. The 
company's products are mainly used in foundries and in the production of 
abrasives, refractories, impregnation, coatings, insulation and composite 

The Foundry division offers an exceptionally wide and innovative range of 
foundry consumables including binders, coatings, risers, filters, release 
agents as well as metallurgical products such as inoculants, inoculation wires 
and master alloys for iron casting. 

The Industrial Resins division is a leader in the field of specialty phenolic 
resins. Our phenolic resins are the preferred choice when it comes to meeting 
the highest requirements in the areas of fire protection, energy consumption, 
service lifetime, health and safety at work.

The company has a production and sales network in 22 countries and employs 
approximately 2000 people worldwide. ASK Chemicals Group sees itself as a 
driving force of industry-specific innovations with research centers and 
laboratories in Europe, Asia, America and Africa.

Photo -
Logo -

Verena Sander 
Head of Global Communications 
ASK Chemicals GmbH 
Reisholzstr. 16-18 
40721 Hilden, Germany 
Phone: +49 211 71103-948 
Mobile: +49 151 4612 1604

Photo -
Logo -

SOURCE: ASK Chemicals Group