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Solvay sells European polyamide assets to Domo Chemicals for €300M · Endata

◂ Announcements

Mar 25, 2024ACQUISITIONFrance and Poland, France

Solvay sells European polyamide assets to Domo Chemicals for €300M

Solvay is selling its polyamide 6.6 business in Europe to Domo Chemicals for approximately €300 million, as part of a remedy package to allow Solvay's global nylon business sale to BASF. The transaction includes engineering plastics and polymer operations in France and Poland.

Value

$334.0M (300.0M EUR)

Status

Announced

Productspolyamide 6.6engineering plasticshigh performance fibresadipic acid

CompaniesSolvay target Domo Chemicals acquirer

Sectors#Specialty Chemicals #Plastics and Polymers

“Belgian chemicals group Solvay is selling its polyamide assets in Europe to Germany's Domo Chemicals, a move that will allow Solvay to progress with the sale of its global nylon business to BASF.”argusmedia.com

1 source
argusmedia.comSolvay-BASF deal progresses with asset sale to Domo | Latest Market NewsMar 25, 2024

Summarized from public sources; check the original articles before acting on it.

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