April 30, 2026 16:18

According to French media reports, also confirmed by chemical industry trade unions, US private equity firm Lone Star has obtained clearance from the Lyon Commercial Court to acquire France’s Polytechnyl, part of the Domo Chemicals group.

The French company, which owns the Technyl brand of polyamide engineering plastics, acquired from Solvay in 2020, entered judicial restructuring proceedings, or redressement judiciaire, at the beginning of this year, a status also affecting other companies in the Belgian chemical group (see article).

The acquisition, worth around €10 million, would not include the plants or personnel — 550 employees working at the Saint-Fons and Valence sites, dedicated respectively to PA66-based engineering plastics and fibres — but would be limited to the Technyl brand, commercial activities and research and development, with around 72 employees concentrated at the Saint-Fons site. The two French production sites therefore face closure, a decision that has sparked anger among trade unions.

Lone Star’s investment is part of a broader polyamides project, which also includes the acquisition, announced last year and not yet completed, of Radici Group’s Specialty Chemicals and High Performance Polymers businesses relating to intermediates, polyamide and engineering plastics (see article).

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