Astorg Strengthens iGM Resins’ Market Position Through Strategic Combination with Jiuri

iGM Resins, headquartered in Waalwijk, the Netherlands, develops and manufactures speciality materials for the energy-curing industry, including photoinitiators, oligomers, monomers and additives. The company serves customers across coatings, printing inks, adhesives and advanced materials, supported by manufacturing facilities in Europe and Asia.

Since acquiring iGM Resins in 2018, Astorg has worked with the company’s management to strengthen its market position, improve operational efficiency and expand its commercial capabilities. Following challenging market conditions in the European chemicals industry in 2022 and 2023, Astorg supported a major operational turnaround to improve business performance and establish a foundation for future growth.

The strategic combination with Jiuri is expected to build on this progress by bringing together iGM Resins’ speciality technologies, application expertise and international customer relationships with Jiuri’s strengths in photoinitiator products, technology, process development and industrialisation. The combination will also support broader market reach in China and other key international markets.

The companies aim to combine their expertise in materials development, application testing and manufacturing to meet rising demand for advanced materials in electronics, optics and 3D printing. This collaboration is expected to accelerate technological innovation, develop new energy-curing solutions and advance UV-curing technology for customers worldwide.

“Nicolas Marien, Partner and Head of France and Benelux Flagship, and Paul Arbanchiaugue, Managing Director and Partner at Astorg said "We are proud of the progress we have made alongside Boudewijn Morelissen and the iGM Resins team, executing a significant operational turnaround through a challenging period for the European chemicals industry, strengthening the business and better positioning it for long-term success. We are confident that the Jiuri-led consortium is the right strategic partner to build on this progress and support iGM Resins’ future ambitions, and wish Boudewijn and the team every success in this next chapter.”

“I would like to thank Astorg for its support and commitment throughout our partnership. Together, we have made significant progress in transforming iGM Resins, expanding our product portfolio, investing in new technologies and strengthening our presence in key international markets. As customer requirements for performance and sustainability continue to evolve, our combination with Jiuri will help us better serve customers worldwide through product supply, technical services and collaborative development. Our focus remains on being the partner of choice for our customers by delivering innovative solutions, from new product supply and formulation development to commercial production.”Boudewijn Morelissen, Chief Executive Officer of iGM Resins

Source: Astorg