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08-16-2010

Evonik: Additive Business Strengthened

As a result of acquisition of the polyurethane foam additive business of BYK-Chemie GmbH, Wesel, Germany, Evonik Industries AG, Essen, Germany, has strengthened its commitment to the additives market. The transaction includes the current business relationships and the know-how for manufacturing Silbyk products for the polyurethane foam industry. With this acquisition, Evonik enhances its existing product line and makes it possible to expand the Polyurethane Additives business line, existing business in some market segments and strengthen its position in the market. The employees and staff previously involved in production and development of polyurethane foam stabilizers will remain employed at the main BYK plant in Wesel, Germany.

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