Announced
Financials
Sources
Tags
Germany
Acquisition
Private
Single Bidder
Domestic
Pending
Friendly
superabsorbents
chemicals
Specialty Chemicals
Majority
Synopsis
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.
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