Lone Star Funds has completed its acquisition of DOMO Engineered Materials, the Belgium-headquartered engineering plastics business known for its TECHNYL brand and polyamide-based materials used across automotive, industrial, electronics, and consumer applications. Financial terms of the deal were not disclosed.
The acquisition is part of Lone Star’s broader expansion in the engineering materials sector and follows the firm’s previously announced agreement involving parts of RadiciGroup’s specialty chemicals and high-performance polymers businesses.
Global Manufacturing Footprint Remains Intact
DOMO Engineered Materials operates manufacturing and commercial facilities across Europe, Asia, and North America, including sites in Germany, Italy, Poland, China, India, South Korea, and the United States. The company will continue to be headquartered in Ghent, Belgium.
The transaction gives Lone Star a larger presence in the global engineering plastics market, particularly in polyamide materials used in lightweight automotive components, electrical systems, and industrial applications.
Focus on Sustainable Engineering Plastics
DOMO has expanded its presence in sustainable engineered materials through its TECHNYL product portfolio, which includes recycled and lower-carbon-content solutions designed to support automotive manufacturers transitioning toward electric vehicle production and stricter emissions standards.
Demand for lightweight and durable engineering plastics has continued to grow globally, supported by trends in electric vehicles, electronics, industrial automation, and infrastructure modernization.
Lone Star Targets Growth in Specialty Materials
In its announcement, Lone Star said the acquisition would help create a broader platform for innovation and growth in specialty materials. The firm also pointed to opportunities to combine complementary technologies and manufacturing capabilities across its newly acquired assets.
The acquisition comes as European chemical and engineered materials companies face increasing pressure from higher energy costs, global competition, and tightening sustainability requirements.
Existing Operations to Continue
DOMO Engineered Materials will continue operating under its existing management structure following the completion of the acquisition. The company is expected to maintain its focus on engineering plastics and sustainable material solutions for global industrial customers.
