RadiciGroup polyamides and engineering plastics at Lone Star Funds

Lone Star Funds announced that an affiliate of Lone Star Fund XII has entered into a definitive agreement to acquire the Specialty Chemicals and High Performance Polymers Business Areas of RadiciGroup, while the Radici family will retain control of the Advanced Textiles Solutions Business Area.

“RadiciGroup has a proven track record of innovation, quality and customer commitment, making it a natural addition to Lone Star’s portfolio,” said Donald Quintin, Chief Executive Officer of Lone Star. “This carve-out acquisition is highly complementary to Lone Star’s portfolio of specialty chemicals and manufacturing businesses and aligns well with our strategy of investing in industry leaders with strong growth potential. We are excited to partner with the RadiciGroup team to strengthen competitive positioning, drive operational excellence and unlock new growth opportunities for the business.”

“We are very proud of the growth path achieved by RadiciGroup from its foundation until today. The agreement with Lone Star Funds marks the beginning of a new chapter in the global expansion of RadiciGroup’s Specialty Chemicals and High Performance Polymers businesses which boast a strong mutual integration. In a constantly evolving market environment, Lone Star Funds’ experience in the chemical sector, combined with its strategic resources and global expertise/reach, will be key factors in supporting the further business growth, while ensuring continued excellence in serving customers. The Radici family will continue to drive the Advanced Textile Solutions Business Area focusing on innovation and sustainability," Angelo Radici and Maurizio Radici, President and Vice President of RadiciGroup, also on behalf of the heirs of Paolo Radici, added.

RadiciGroup, founded in 1941 and headquartered in Bergamo, Italy, has 3,000 employees, sales of 1,069 million euros in 2023, and a network of production units and sales offices across Europe, North and South America, and Asia. The company is a global leader in the production of a wide range of chemical intermediates, polyamide polymers, high-performance engineering polymers, and advanced textile solutions. Operating through its three macro Business Areas - Specialty Chemicals, High Performance Polymers and Advanced Textile Solutions - RadiciGroup provides materials for a diverse range of industrial sectors, including automotive, electrics-electronic, consumer goods, clothing, furniture, construction, household appliances, and sport.

Lone Star is a leading private equity firm advising funds that invest globally in corporate equity, credit, real estate and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 25 private equity funds with aggregate capital commitments totaling approximately 95 billion dollars. The firm organizes its funds in three series: the Opportunity Fund series; the Commercial Real Estate Fund series; and the US Residential Mortgage Fund series. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes.