Sao Paulo, Brazil – January 30, 2012 – SI Group Crios Resinas S.A., an affiliate of SI Group, Inc. (Schenectady, New York, USA) announced today that it has signed an agreement to purchase the relevant assets of Dynea Sao Paulo Industria de Resinas Ltda. Included in the purchase are the customer list, manufacturing equipment, goodwill and a technology license.
Joao Paulo Porto, SI Group’s Regional Vice President for South America and a member of the SI Group Executive Leadership Team stated “This acquisition fits perfectly with SI Group’s goal to grow our industrial resins business. The team at SI Group Crios is prepared to serve our new customers with enthusiasm”.
SI Group is eager to enhance their existing capabilities with this acquisition. This step is directly aligned with the company’s global Strategy and aim to grow through their core business.
About SI Group
SI Group is a family-owned company founded in 1906 and headquartered in Schenectady, New York. A leading global developer and manufacturer of phenolic resins, alkylphenolic resins, alkylated phenols and other chemical intermediates, SI Group operates 20 facilities in 12 countries around the world. For more information about SI Group, visit www.siigroup.com.
# # #