Astorg, a leading pan-European private equity firm, today announced that it has signed an agreement to sell iGM Resins to Tianjin Guangyao Technology Co., Ltd., a consortium led by Tianjin Jiuri New Materials (“Jiuri”). The transaction marks the next chapter in iGM Resins' development, with the combination creating a global energy-curing solutions platform.
iGM Resins brings specialty technologies, application and regulatory expertise, international customer relationships and manufacturing capabilities in Europe and Asia. Jiuri contributes photoinitiator expertise, chemicals manufacturing and process development capabilities, and customer relationships in China and international markets. Together, the companies aim to support customers’ formulation and product development needs and provide greater flexibility in serving them across regions.
Driving the next phase of energy curing
Beyond established applications in coatings, inks and adhesives, opportunities in electronics, optics, 3D printing and advanced manufacturing are placing increasing demands on materials performance and photochemistry. The companies aim to connect materials development, application testing, and manufacturing. This will help customers meet these demands and the evolving sustainability requirements, taking new solutions from formulation to commercial production.
Boudewijn Morelissen, Chief Executive Officer of iGM Resins, said: “Our ambition remains to be the partner our customers can rely on. By staying curious about their challenges, developing creative solutions together and delivering on our commitments, we build lasting partnerships.”
Nicolas Marien, Partner, Head of France and Benelux Flagship, and Paul Arhanchiague, Managing Director at Astorg said: “We have greatly valued our partnership with iGM Resins and its management team and are proud of what we have achieved together. The combination with Jiuri-led consortium offers a compelling next chapter for the business, bringing together complementary expertise and providing a strong platform to serve customers and capitalize on opportunities across the global energy-curing market.”
The transaction remains subject to customary closing conditions and regulatory approvals, with completion currently expected in the first quarter of 2027. Until completion, iGM Resins and Jiuri will continue to operate as separate companies, maintaining their existing operations and customer relationships.
Source: Press Release IGM Resins