Astorg sells iGM Resins to Jiuri-led consortium

Astorg has signed an agreement to sell iGM Resins to Tianjin Guangyao Technology Co., Ltd., a consortium led by Tianjin Jiuri New Materials, according to an announcement dated November 10, 2026. The transaction is subject to customary closing conditions and regulatory approvals, with completion expected in the first quarter of 2027.

iGM Resins, headquartered in Waalwijk, the Netherlands, develops and manufactures specialty materials for the energy-curing industry, including photoinitiators, oligomers, monomers and additives. It has manufacturing facilities in Europe and Asia and serves coatings, printing inks, adhesives and advanced materials customers. Astorg acquired the company in 2018 and says it led an operational turnaround with management during challenging conditions for European chemicals in 2022 and 2023.

Jiuri, founded in 1998 and headquartered in Tianjin, China, is listed on the Shanghai Stock Exchange's STAR Market. The companies say they will combine iGM Resins' specialty technologies and international customer relationships with Jiuri's photoinitiator strengths and reach in China. Financial terms were not disclosed.