Evonik Industries and Paramelt B.V. recently signed an agreement on the sale of the DILAVEST® expansion wax business to Paramelt. DILAVEST expansion waxes are used in thermostatic control devices for automotive, marine and aerospace engines, as well as building heating and cooling systems. Paramelt takes over the business with immediate effect and will invest in a state-of-the-art plant for the production of the DILAVEST product line. Evonik will remain producing the products until mid-2012.
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Evonik Sells Wax Business to Paramelt
September 2, 2011