Lone Star Funds Completes Acquisition of DOMO Engineered Materials
Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XII, L.P. has completed the acquisition of DOMO Engineered Materials (“DOMO EM”), a business division of DOMO Group.
DOMO EM is a global leader in the development and production of polyamide-based engineered materials and its leading TECHNYL® brand supports a wide range of high-performance applications in the automotive, electrical and electronics, building and construction, consumer goods and industrial sectors.
The acquisition of DOMO EM follows the completion of Lone Star’s acquisition of RadiciGroup, with its High Performance Polymers and Specialty Chemicals business areas. The DOMO EM and RadiciGroup businesses will be combined and will then benefit from a broad and complementary product portfolio, expanded geographic reach and enhanced capabilities, providing the platform with industrial resiliency and new growth opportunities.
“We are pleased to have completed the acquisition of DOMO EM and believe that, together with RadiciGroup, the company will be well-positioned with broad development, manufacturing and technological capabilities. Following Lone Star’s investment, the business will focus on enhancing its offering while continuing to deliver best-in-class, innovative products for customers in key end-markets,” said Donald Quintin, Chief Executive Officer of Lone Star.
About Lone Star
Lone Star is a leading investment firm with its principal office in London, UK advising funds that invest globally in private equity, credit and real estate. The firm has been successfully navigating complex situations for over 30 years. The funds are experienced value investors that seek opportunities in situations that are in flux or complicated by specific structural or financial factors, regardless of the prevailing market environment. Our deep bench of senior leaders and expert deal professionals ensures a strong foundation for successful investments and strategic decision-making. Since the establishment of its first fund in 1995, Lone Star has organized 26 private equity funds with aggregate capital commitments totaling approximately $96 billion. For more information regarding Lone Star Funds, go to www.lonestarfunds.com. Follow us on LinkedIn.
About RadiciGroup
RadiciGroup is among the world leaders in the production of a wide range of chemical intermediates, polyamide polymers and high-performance engineering polymers, including recycled and bio-based solutions. RadiciGroup products are the result of outstanding chemical expertise and a vertically integrated polyamide production chain. RadiciGroup provides materials for a variety of industries, such as automotive, electrical and electronics, consumer and industrial goods, water management, transportation, household appliances and sports. At the core of the Group’s strategy is our strong focus on innovation, quality and customer satisfaction, all pursued in alignment with ESG principles.
About DOMO Engineered Materials
DOMO Engineered Materials, part of the DOMO Group, is a global leader in the development and production of polyamide-based engineered materials. With nearly 70 years of experience, the TECHNYL® brand supports a wide range of high-performance applications in the automotive, electrical and electronics, building and construction, consumer goods, and industrial sectors. DOMO Engineered Materials offers a comprehensive portfolio of specialized solutions designed to meet increasingly demanding performance requirements: STAR and MAX for lightweighting and metal replacement; ONE, RED, and PROTECT for heat and flame resistance; SAFE for water and food contact applications; PURE for electrical applications; and SHAPE for extrusion. The TECHNYL® 4EARTH range, which includes recycled and bio-based materials, further reinforces the company’s commitment to sustainable innovation, the circular economy, and reducing its environmental footprint. www.domochemicals.com
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