# Domo Chemicals to acquire Solvay's European polyamide 6.6 business

Domo Chemicals agreed to acquire Solvay's European polyamide 6.6 business, a divestiture required by EU Commission approval of BASF's acquisition. The transaction is expected to close by end of 2019.

- Type: Acquisition
- Announced: 2019-08-14
- Where: France, Poland, Spain, France
- Value: $336.0M (300.0M EUR)
- Jobs: 1,100
- Status: announced
- Products: polyamide 6.6
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md) (target)
- [Domo Chemicals](https://endata.com/companies/28583.md) (acquirer)

## Sources

- [basf.com](https://www.basf.com/se/en/media/news-releases/2019/08/p-19-303), 2019-08-13: "Today, BASF, Solvay and Domo Chemicals agreed that Domo will acquire the European PA6.6 business from Solvay."
- [basf.com](https://www.basf.com/global/en/media/news-releases/2019/08/p-19-303), 2019-08-13: "Today, BASF, Solvay and Domo Chemicals agreed that Domo will acquire the European PA6.6 business from Solvay."
- [basf.com](https://www.basf.com/kr/en/media/news-releases/global/2019/08/p-19-303), 2019-08-13: "Today, BASF, Solvay and Domo Chemicals agreed that Domo will acquire the European PA6.6 business from Solvay."
- [basf.com](https://www.basf.com/au/en/media/news-releases/global/2019/08/p-19-303), 2019-08-13: "Today, BASF, Solvay and Domo Chemicals agreed that Domo will acquire the European PA6.6 business from Solvay."
- [domochemicals.com](https://www.domochemicals.com/en/media/news/domo-chemicals-signs-agreement-acquire-solvays-performance-polyamides-business-europe), 2019-08-14: "DOMO Chemicals and Solvay have signed today an agreement for DOMO to acquire Solvay's Performance Polyamides Business in Europe."
- [borderless.net](https://www.borderless.net/news/energy-and-chemical-value-chain/domo-to-acquire-solvays-nylon-66-business-in-europe-for-e300-million/), 2019-08-15: "By integrating the complementary strengths of the diverse teams and talents of both companies, we will enhance our excellence towards our customers by building a unique and competitive integrated nylon solution provider—both 6 and 6,6—driven by a strong innovation platform to push"
- [etextilemagazine.com](https://www.etextilemagazine.com/domo-chemicals-acquires-performance-polyamides.html), 2019-09-04: "The purchase price to be paid by DOMO on a cash and debt-free basis would amount to €300 million."
- [textileworld.com](https://www.textileworld.com/textile-world/fiber-world/2019/09/domo-to-acquire-solvays-pa-business-in-europe/), 2019-09-11: "Germany-based DOMO Chemicals GmbH has signed an agreement to acquire the Europe-based Performance Polyamides (PA) business of Belgium-based Solvay S.A."

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