Evonik to acquire Porocel Industries for $210m.

Evonik, a speciality chemicals manufacturer, agreed to acquire Porocel Industries, a manufacturer of industrial inorganic chemicals, for $210m. “This acquisition is the next logical step in the strategic development of our portfolio. Our focus is on stable and high-margin specialty chemicals. We are systematically expanding the share of our specialty businesses – and that at an attractive valuation,” Christian Kullmann, Evonik Chairman of the Executive Board.