Saint-Lecote sells its industrial resin business to Ascot Chemical

 On July 11th SI Group, the developer and manufacturer of international performance additives, process solutions, pharmaceuticals and chemical intermediates, announced an agreement. Under the agreement, the company sold most of its global industrial resin business and its Brazilian-specific business to private equity firm Rhône Group, a portfolio company owned by LLC, ask Chemicals.
deal involves St. Lecote International Group's industrial resin products and related production sites in Rio Claire, Brazil; Ranjangaon, India; and industrial resin products and related production sites in Johannesburg and Durban, South Africa, as well as licensing technologies and multi-generation processing agreements

. Headquarter
ed in Hilden, Germany, ASYCO Chemical is a market leader in foundry materials specializing in the production of adhesives, coatings, feeders, filters and release agents, as well as metallurgical products, including probiotics, breeding lines and cast iron master alloys. The deal is expected to close later this year.
Saint-Lecote International will operate operations in these four locations, including the production of global rubber and adhesives, oilfield products and foundry products in Brazil, and will reach a processing agreement with ASCO Chemical.
, N.Y., with more than 30 production facilities on five continents, annual sales of approximately $2 billion and more than 3,000 employees worldwide. Saint-Lecote is a portfolio company owned by SK Capital Partners.