Evonik Completes Air Products Performance Materials Division Acquisition
Evonik Industries AG recently announced it has completed the activities to acquire the specialty additives business (Performance Materials Division) of Air Products Inc. for $3.8 billion by the end of the year as planned.
Evonik Industries AG recently announced it has completed the activities to acquire the specialty additives business (Performance Materials Division) of Air Products Inc. for $3.8 billion by the end of the year as planned. The closing is scheduled for January 3.
“The successful completion of the acquisition paves the way for swiftly merging the activities of Evonik and the acquired units of the Air Products Performance Materials business,” said Klaus Engel, chairman of the executive board of Evonik Industries AG. “It puts Evonik in an excellent position for further profitable growth in the attractive specialty additives market.”