Wednesday, September 4, 2013

Aquafil buys Xentrys from Domo Chemicals and aims to global leadership

Aquafil, a global leading player in the field of production and sales of carpet yarns, has reached an agreement with Domo Chemicals on the sale of  its nylon 6 carpet yarn business to Aquafil. The business unit specialized in the production of nylon 6, known under the brand "Xentrys", located in Leuna, Germany, has a turnover of €50 million and 249 employees. Domo Chemicals will further concentrate on the global growth of its Chemicals, Polymer and Engineering Plastic businesses. Aquafil will integrate the business unit of Domo Chemicals with the target to accelerate the growth to reach the global leadership in the sector. The closing of the operation is foreseen on 1st October 2013.

On Aquafil:
Founded in 1969, the company is a leading player, in Italy and in the world, in the production and sale of synthetic fibers for textile flooring, in particular of nylon 6. The group has over 2,000 employees and 12 plants spread over three continents and seven countries: Italy, Slovenia, Croatia, USA, Thailand and China and has reached in 2012, with its division BCF, a turnover of €280.6 million. In 2011Aquafil introduced ECONYL Regeneration System ®, an innovative industrial process of regeneration for the production of nylon 6 polymer starting from: post-consumption wastes, i.e. finished products composed in whole or in part from polyamide 6 and joints at the end of the life, such as, among others: fishing nets, fluff (upper part of carpets and rugs).

Domo Chemicals is a leading strongly intagreted company for the production of caprolactam (organic compounds)/nylon 6 which serves a worldwide clientele with high-quality products in the field of nylon intermediates (phenol, cyclohexanone, caprolactam) nylon 6 polymers, polypropylene polymers, engineering plastics and BCF strings of nylon 6.
The company  reached a turnover of €800 million in 2012 and has 950 employees. The company is part of Domo Investment Group.