Ask Chemicals’ Acquisition of SI Group Inc.


White & Case et Khaitan & Co advised ASK Chemicals on the deal

ASK Chemicals, one of the world’s leading suppliers of foundry chemicals, have entered into a definitive agreement to purchase the industrial resin business from SI Group (New York, USA). With this acquisition, ASK Chemicals is reinforcing its position in the foundry market and at the same time strengthening its non-foundry business.

ASK Chemicals and SI Group have agreed on the purchase of SI Group’s industrial resins business and associated manufacturing sites in Rio Claro (Brazil), Ranjangaon (India), Johannesburg and Durban (South Africa), as well as licensed technology and multiple tolling agreements globally. The transaction is expected to close later this year.

SI Group’s industrial resin business serves a wide range of markets and applications such as foundry, friction, abrasives, refractory, paper impregnation, insulation and composites.

White & Case acted as international counsel for ASK Chemicals with a team led by Jarlath McGurran (Picture).

In India, Khaitan & Co advised ASK Chemicals with a team including Nikhil Narayanan, Tanvi Kumar, Akshay Sharma (M&A), Varun Yadav (Due Diligence), Indruj Rai, Aashima Sawhney (Tax) and Avnish Sharma (Real Estate)

Involved fees earner: Tanvi Kumar – Khaitan & Co.; Nikhil Narayanan – Khaitan & Co.; Avnish Sharma – Khaitan & Co.; Indruj Singh Rai – Khaitan & Co.; Jarlath McGurran – White & Case;

Law Firms: Khaitan & Co.; White & Case;

Clients: Ask Chemicals;