DOMO Engineered Materials acquired by Lone Star Funds; TECHNYL® included
- Lone Star Funds affiliate agreed to acquire DOMO's Engineered Materials business, including three European production sites in Premnitz, Arco and Gorzów.
- Transaction transfers the EM intellectual property including the TECHNYL® brand covering polyamide compounds PA6 and PA66.
- Deal scope includes sales and marketing, the Lyon application center, masterbatch industrial activities and international entities in Haiyan (China), Mumbai (India), Seoul (South Korea) and Buford (US).
- Belle Étoile production assets are excluded and DOMO EM leadership will report to Jochen Fabritius, appointed by Lone Star to lead the combined business.
Transaction overview
An affiliate of Lone Star Fund XII, L.P. has agreed to acquire DOMO's Engineered Materials (EM) business, including the EM intellectual property portfolio and the TECHNYL® brand.
Scope of assets and operations
The sale covers three European production sites (Premnitz, Germany; Arco, Italy; Gorzów, Poland), support functions in Belgium, Germany, Spain, Poland and India, international entities in Haiyan (China), Mumbai (India), Seoul (South Korea) and Buford (United States), sales and marketing in France, the Lyon application center for engineering materials science and final application testing, plus masterbatch industrial activities and associated technical and administrative functions; product technology includes polyamide compounds PA6 and PA66.
Exclusions and governance
Belle Étoile production assets are excluded and remain subject to a separate legal process under court-appointed administrators; DOMO EM leadership will report to Jochen Fabritius, who has been appointed by Lone Star to lead the combined organisation.
Strategic context
The acquisition follows Lone Star's purchase of RadiciGroup's High Performance Polymers and Specialty Chemicals units, further expanding its position in the specialty polymers sector.
Source: DOMO Group