en.Wedoany.com Reported - Lone Star Funds announced on May 12 the completion of its acquisition of Germany-based DOMO Engineering Materials from the DOMO Group, merging it with the previously acquired high-performance polymers and specialty chemicals businesses of Italy's RadiciGroup to form an independently operated global platform for modified polyamide materials.
The transaction was executed by Lone Star through an affiliate of its managed Lone Star Fund XII. The asset list for DOMO Engineering Materials covers three core European production sites in Premnitz, Germany; Arco, Italy; and Gorzów, Poland; support functions in Belgium, Spain, India, and other locations; as well as international operating entities in Haiyan, China; Mumbai, India; Seoul, South Korea; and Buford, USA. The Belle Étoile production site in France is not included in this transaction. On the RadiciGroup side, the previously completed transfer of its high-performance polymers and specialty chemicals businesses is also integrated under the unified management of the new platform. The combined platform brings together RadiciGroup, DOMO, and the global polyamide brand TECHNYL®, which boasts over 70 years of technical expertise in PA6 and PA66 solutions.
Lone Star has appointed Jochen Fabritius, who has over 25 years of experience in the chemicals and industrial goods sectors, as CEO of the new platform. Fabritius stated in the official announcement that continuity and stability are at the core of all efforts, and customers will continue to work with their existing teams and experts, consistently receiving the TECHNYL® solutions they have always trusted. The leadership team of the DOMO Engineering Materials business will report to him going forward.
From a formulation capability perspective, the businesses of DOMO and RadiciGroup are highly complementary across the two major polyamide product lines, PA6 and PA66. DOMO's polymerization capacity and compounding lines in Europe, combined with RadiciGroup's accumulated expertise in specialty polymers and fiber-grade products, equip the merged platform with one-stop formulation delivery capabilities for the automotive, electrical and electronics, consumer goods, and industrial sectors. The product coverage spans the complete industrial chain from raw material polymerization to end-use modification. The automotive industry is currently the largest downstream market for global polyamide engineering plastics, with lightweighting and electrification driving sustained demand growth for high-temperature-resistant, high-strength modified materials. The integrated platform can directly respond to this demand.
Lone Star CEO Donald Quintin characterized the acquisition as a transformative and highly complex transaction, highlighting Lone Star's ability to execute differentiated, value-driven investments. The simultaneous integration of two highly complementary leading businesses creates a scaled platform with significant industrial and technological capabilities, providing greater stability and resources to enhance its global competitive position, drive innovation, and protect industrial technology.
Headquartered in London, UK, Lone Star Funds has extensive investment experience globally in private equity, credit, and real estate. Since establishing its first fund in 1995, it has organized 26 private equity funds with total committed capital of approximately $96 billion. Following this acquisition, DOMO Engineering Materials and RadiciGroup's high-performance polymers business have formally completed their merger at the legal entity level. The brand assets of TECHNYL® and the sales networks of both companies in Europe, Asia, and the Americas are now under unified coordination, marking the official operational launch of a global independent supplier covering the entire value chain of polyamide engineering plastics.
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