900M euro Evonik carbon black divestment complete
Evonik Industries reports successfully completing the divestment of its carbon black activities on July 29, 2011. The sale of the business to Rhône Capital and Triton Partners is valued at over 900 million euros, the company added.
“This divestment shows that Evonik is continuing to focus systematically on its core specialty chemicals business. At the same time, we are pleased to transfer the carbon black business to a new owner who is able to realise promising growth perspectives,” commented Klaus Engel, chairman of Evonik Industries’ Executive Board.
“We are indeed pleased with the results of this process. Rhône and Triton offer our business the opportunity to meet its full potential with investments in technology and people,” added Jack Clem, CEO of Orion Engineered Carbons. “Our customers and employees can be confident that we will continue our successful growth as a global leader in carbon black.”
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