Dussur to acquire a 20% stake in Italmatch Chemicals from Bain Capital.

Dussur, a Saudi government company, agreed to acquire a 20% stake in Italmatch Chemicals, a global chemical group, from Bain Capital, an American private investment firm. Financial terms were not disclosed. “In partnership with Bain Capital we have continued to build upon our global reputation with our customers and partners for high-quality innovative products and “solutions” and displayed strong growth. Partnering with Dussur will significantly strengthen our existing presence in the Middle East region, which we see as a fast-growing market opportunity in our areas of expertise and end markets and enable us to expand our offering in a highly strategic high growth market also through a strong local presence,” Sergio Iorio, Italmatch CEO.