Evonik to Acquire 3M’s High-Concentrates Additive Compounding Business
Specialty chemicals company Evonik Industries AG, Essen, Germany, will acquire 3M’s high-concentrates additive compounding business, the corresponding agreement has been signed. The specialty chemicals group is further expanding its capabilities in the highly profitable business with specialty additives. Evonik already offers a variety of additives to the plastics industry, and the acquisition will enable the company to now also offer solid additives.
Dr. Dietmar Schaefer, Head of Evonik’s Interface & Performance Business Line, states: “We are gaining an excellent platform for the development of innovative solutions, and will be able to significantly expand our product portfolio with this acquisition.” The transaction enhances the enterprise’s capabilities in specialty additives – one of its key areas of business growth. The transaction is expected to close in the first quarter 2018, subject to the customary closing conditions. The parties have agreed not to disclose the price of the purchase.
The deal includes the Accurel brand product portfolio which is produced in Obernburg (Bavaria, Germany) as well as the Obernburg production facility with approximately 25 jobs which will be retained. The high-concentrates additive compounding technology allows plastic manufacturers to introduce large volumes of additives into a polymer matrix via a solid polymer carrier. This will enable Evonik to target new applications, for instance the packaging industry. These operations are to be incorporated into Evonik’s Interface & Performance Business Line.
3M Deutschland GmbH
Evonik Industries AG
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