# 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.

- Type: Acquisition
- Announced: 2024-03-25
- Where: France and Poland, France
- Value: $334.0M (300.0M EUR)
- Status: announced
- Products: polyamide 6.6, engineering plastics, high performance fibres, adipic acid
- 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

- [argusmedia.com](https://www.argusmedia.com/en/news-and-insights/latest-market-news/1958903-solvay-basf-deal-progresses-with-asset-sale-to-domo), 2024-03-25: "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."

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