# SI Group sells Industrial Resins business to ASK Chemicals

SI Group signed an agreement to sell the majority of its global Industrial Resins business to ASK Chemicals, a portfolio company of Rhône Group. The transaction includes manufacturing sites in Brazil, India, and South Africa, as well as licensed technology and tolling agreements.

- Type: Acquisition
- Announced: 2021-07-23
- Where: Rio Claro, Brazil; Ranjangaon, India; Johannesburg, South Africa, Brazil
- Status: announced
- Products: industrial resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [siigroup.com](https://siigroup.com/news/si-group-signs-agreement-to-sell-industrial-resins-business-to-ask-chemicals), 2021-07-23: "We remain confident this is the right strategic move for our employees and our business."
- [prnewswire.com](https://www.prnewswire.com/news-releases/si-group-signs-agreement-to-sell-industrial-resins-business-to-ask-chemicals-301340297.html), 2021-07-23: "We remain confident this is the right strategic move for our employees and our business."
- [ask-chemicals.com](https://www.ask-chemicals.com/news-events/press-releases/news-single/ask-chemicals-to-acquire-industrial-resin-business-from-si-group), 2021-07-23: "With this acquisition, ASK Chemicals is reinforcing its position in the foundry market and at the same time strengthening its non-foundry business."

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