May 22, 2026 12:45

Created in December 2023 through a spin-off from the Solvay group, Belgium-based Syensqo has launched a strategic review of its Performance & Care segment, which includes Novecare, active in additives and solutions for personal and home care, detergency and agro applications, and Technology Solutions, focused on mining and industrial applications.

The move is intended to allow the group to concentrate on its Materials segment, which includes the Specialty Polymers and Composite Materials divisions.

Syensqo aims to become a pure-play player in specialty materials and advanced technologies, serving end markets it considers structurally more attractive, including aerospace and defence, electronics, healthcare, energy and mobility applications.

As part of the same strategy, the Oil & Gas business was sold to SNF Group at the beginning of the year.

“Today’s announcement reflects our intention to further sharpen our portfolio, increase our focus on technologies where we see the strongest long-term growth opportunities and drive sustained, innovation-led differentiation,” explains Mike Radossich (pictured), CEO of the Belgian group. “Accordingly, we will now evaluate a range of strategic options, with the aim of maximising long-term value for our shareholders.”

No timetable has yet been set for the strategic review. The company also said there can be no assurance that the process will result in a transaction, nor any certainty regarding the terms or structure of a potential transaction.

The Performance & Care segment offers surface chemistry solutions and specialty mining reagents, serving the consumer care, agro, coatings and mining end markets. In 2025, it generated net sales of €2 billion, out of a total of €5.8 billion excluding Oil & Gas, and underlying EBITDA of €358 million.

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