ICIG to acquire the superabsorbents business of Evonik.

ICIG, a privately owned industrial group, agreed to acquire the superabsorbents business of Evonik, a specialty chemicals company. Financial terms were not disclosed. "In terms of its profile, the superabsorbents business no longer fits our character as a specialty chemicals company. We have sought and found a reliable investor for it. Our company is thus taking the second step in the divestment of our Performance Materials Division," Christian Kullmann, Evonik CEO.