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11-29-2017

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.

Additional information
  • 11-08-2017

    New Process for Manufacturing MMA

    Excellent Yields, Low Energy Requirements

    With LiMA Evonik has developed an intelligent combination of established process steps and new developments that leads to an entirely new technology of producing methyl methacrylate.   more

  • 08-31-2017

    Evonik to Build Specialty Copolyester Plant in Germany

    The company is investing a mid-double-digit million euro sum in the new plant in Witten, which will have annual production capacity of several thousand metric tons.   more

Company profile

3M Deutschland GmbH

Carl-Schurz-Str. 1
DE 41453 Neuss
Tel.: 02131 14-0
Fax: 02131 14-2649

Evonik Industries AG

Rellinghauser Str. 1-11
DE 45128 Essen
Tel.: 0201 177-01
Fax: 0201 177-3475

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