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.
January 3, 2017
“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.
Hydroxyl-terminated polybutadiene (HTPB) resins occupy a unique space within the landscape of commercially available polyols in the context of polyurethane elastomers. Characterized by low temperature flexibility, hydrophobicity and hydrolytic stability, polyurethane elastomers present solutions to strenuous applications in the adhesives and sealants market.
Several important factors, such as concern for the environment, economic competitiveness and technology, have converged over the past 25 years to cause both industry and government to constantly reassess the cleaning phase of manufacturing processes. In the 1990s, many manufacturers of industrial and commercial products were significantly impacted by the chlorofluorocarbon (CFC) phase-out.