Lone Star Funds today announced the successful completion of the acquisition of DOMO Engineered Materials, a business division of DOMO Group. At the same time, DOMO Engineered Materials is set to join forces with RadiciGroup’s High Performance Polymers & Specialty Chemicals. The new organization will combine established brands, industrial expertise & application know-how, and global reach to strengthen innovation, sustainability, and long-term customer partnerships.
RadiciGroup welcomes the successful completion of the transaction involving DOMO Engineered Materials. This closing marks the final step of the transaction process and paves the way for the full integration of DOMO Engineered Materials into the new global platform created by Lone Star through the simultaneous acquisition of RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses and DOMO Engineered Materials.
The combined platform will serve a diversified range of end markets, including automotive, electrical and electronics, construction, consumer, and industrial applications. It will benefit from increased scale, enhanced resilience, and expanded resources to accelerate innovation and sustainability.
By joining forces, RadiciGroup and DOMO Engineered Materials will continue to build on their established technical expertise, industrial know-how, and customer relationships, while contributing to a stronger global platform designed for long-term competitiveness.
Following completion, the new organization will continue to offer the well-established TECHNYL® brand, ensuring continuity for customers and partners worldwide.
As part of the new organization, Jochen Fabritius has been appointed Chief Executive Officer of the combined platform. He brings more than 25 years of chemicals & industrial goods industry experience.
“I want to personally reassure our customers, partners, and employees across both RadiciGroup and DOMO Engineered Materials that continuity and stability are at the very heart of our priorities. Customers will continue to work with the same teams, the same experts, and the same trusted solutions they rely on today, within an organization clearly focused on long-term sustainability and strong, lasting partnerships” said Jochen Fabritius.
With the completion of this transaction, RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses, together with DOMO Engineered Materials, become part of a newly formed, more resilient platform, set to combine two highly complementary businesses with a strengthened product portfolio, broader geographic reach and enhanced technical capabilities.
