# SI Group sells industrial resins business to ASK Chemicals

SI Group agreed to sell the majority of its global industrial resin businesses and its Brazilian specialty business to ASK Chemicals, a portfolio company of Rhône Group. The transaction includes manufacturing sites in Brazil, India, and South Africa, and is expected to close later in 2019.

- Type: Acquisition
- Announced: 2019-07-10
- Status: announced
- Products: industrial resins, foundry materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [SI Group](https://endata.com/companies/32326.md)
- [Rhône](https://endata.com/companies/15051.md) (investor)
- [ASK Chemicals](https://endata.com/companies/40534.md) (acquirer)

## Sources

- [siigroup.com](https://siigroup.com/news/si-group-announces-focused-sale-of-industrial-resin-business-to-ask-chemicals), 2019-07-10: "The sale of this business provides proprietary technology and know-how in the industrial resins business to ASK while realigning our focus around performance additives."
- [prnewswire.com](https://www.prnewswire.com/news-releases/si-group-announces-focused-sale-of-industrial-resin-business-to-ask-chemicals-300882106.html), 2019-07-10: "The sale of this business provides proprietary technology and know-how in the industrial resins business to ASK while realigning our focus around performance additives."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.