My watch list
my.chemeurope.com  
Login  

Evonik concludes sale of its Jayhawk site

Company continues to focus on high-margin specialty chemicals businesses

05-Nov-2018

Evonik has concluded the sale of its Jayhawk site in Galena (Kansas, USA), taking the next step on the road to a consistent focus on specialty chemicals. Funds advised by Permira, an international investment company, acquired the site at a price in the high double-digit million dollar range. The transaction was announced in late August, and the closing took place November 1. Antitrust authorities in multiple countries had previously granted their unconditional approval.

The plant makes precursors for agricultural chemicals that do not fall into what Evonik has defined as its growth businesses. The Jayhawk site, the company it housed, and its roughly 120 employees were sold as part of a share deal. “We want to continue our profitable growth in the specialty chemicals sector,” says Christian Kullmann, Chairman of the Executive Board of Evonik. “And that includes selling off companies or sites that could have a better future with different owners. The sale is another step towards optimizing our portfolio, and gives us more latitude when it comes to selectively expanding our growth engines.”

Activities at Jayhawk were part of Evonik’s Performance Materials segment and are now owned by funds advised by Permira. The globally active investment company Permira was founded in 1985 and advises funds with a total volume of approximately 32 billion Euros.

Facts, background information, dossiers
More about Evonik
  • News

    Evonik invests in start-ups

    Evonik has launched its second venture capital fund with a volume of €150 million, more than doubling the amount under management to €250 million. The new fund will help secure access to disruptive technologies and innovative business models as well as supporting Evonik’s digital transforma ... more

    Evonik acquires US-based startup Structured Polymers

    Evonik has acquired Structured Polymers Inc., a US-based technology startup for 3D printing materials headquartered in Austin, Texas. A corresponding agreement and plan of merger was executed and the transaction has been closed recently. The acquisition will provide Evonik access to a new p ... more

    Evonik appoints new managers to its segments’ boards

    Johann-Caspar Gammelin, currently Chairman of the Board of Management of Evonik Performance Materials GmbH, will take over as Chairman of the Board of Management of Evonik Nutrition and Care GmbH from Dr. Reiner Beste, effective April 1, 2019. On this date Dr. Beste, as new Regional Presi ... more

  • Companies

    Evonik Industries AG

    more

    Evonik Industries AG

    The Business Area Chemicals of Evonik which is active in the attractive field of specialty chemicals, holds top positions world wide. As Germany’s fifth largest power producer, Evonik is market and technology leader in the planning, construction and operation of highly efficient coal-fired ... more

    Evonik Technology & Infrastructure GmbH

    more

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE