IGM resins is sold in five hundred million, companies to participate in the bid

Pvc plastic thermoforming machine webex, according to people familiar with the voice, the Dutch of the world's leading UV radiation curing materials manufacturers IGM resins have been private equity owners for 500 million euros ( 445. 93 million pounds) The price of the sale. News, said Arsenal capital partners, based in New York have authorized investment bank Moelis organization the auction, is expected to be launched in a couple of weeks in the future. Couldn't be reached Arsenal for comment. Moelis declined to comment. Accompanying news, according to the industry as well as the private equity group will become the target of the auction. Rivals including the Advent of IGM resin with these new ( Allnex) Arkema ranking optimization, France ( Arkema) And the Netherlands, DSM ( DSM) 。 It is unclear whether any of them will bid for the company. IGM resins was founded in 1999, is a wholly owned chemical enterprises, the important production of light initiator, monomer and oligomer and additives. In 2012, bought a majority stake in Arsenal. In 2016, IGM bought a basf ( BASF) Light initiator, radiation curing recipe for various industries.