DOMO confirmed the completion of the transaction concerning its Engineered Materials division, following the signing of binding agreements in April with an affiliate of Lone Star Funds. The closing marks the final stage of the process and opens the way for the full integration of DOMO Engineered Materials into the new global platform being created by Lone Star in parallel with the acquisition of RadiciGroup’s High Performance Polymers and Specialty Chemicals businesses. As a result, two complementary business areas are to be combined and operate as an independent compounder with a global reach. The new structure is expected to serve diversified end markets, including automotive, electrical and electronics, construction, consumer goods, and industrial applications. According to the company, the combined platform is expected to benefit from greater scale, higher operational resilience, and broader resources supporting innovation and sustainability.
The companies indicate that the combination will make it possible to leverage the existing technical expertise, industrial know-how, and customer relationships developed by DOMO Engineered Materials and RadiciGroup. The aim is to strengthen the long-term competitiveness of the new organization through a broader product portfolio, wider geographic reach, and expanded technical capabilities. After the completion of the transaction, the organization will continue to offer the Technyl brand, which is intended to ensure continuity for customers and partners worldwide. At the same time, it was announced that Jochen Fabritius has been appointed chief executive officer of the combined platform, a manager with more than 25 years of experience in the chemicals and industrial goods sectors.
Continuity of the offer and management
The statement emphasized that continuity of brands, expertise, and commercial relationships is to remain important for customers and partners. As Jochen Fabritius stated, "I want to personally reassure our customers, partners, and employees 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 Technyl solutions, within an organization clearly focused on long-term sustainability and strong, trusted partnerships."
From DOMO's perspective, the completion of the transaction marks the beginning of a new stage for the Engineered Materials segment. The company notes that this business will become part of a newly created, more resilient platform combining two highly complementary businesses. Among the expected effects, it listed a strengthened product portfolio, broader geographic presence, and greater technical capabilities.
Market scope of the new platform
The new organization is expected to be active across several key markets for polymer material processing and applications. The indicated segments include automotive, electronics and electrical engineering, construction, consumer products, and broadly understood industrial applications. Such a business profile means diversification of the customer and application portfolio, which from the perspective of a compounder may translate into greater resilience to fluctuations in individual industries.
DOMO thanked its employees, customers, suppliers, and partners for their commitment and trust over the past months. The company also declared its readiness for continued cooperation within the new structure, with particular emphasis on long-term sustainable industrial development and innovation.
