My watch list
my.chemeurope.com  
Login  

Evonik sells its US Jayhawk site

Company continues to intensify focus on high-margin specialty chemicals businesses

03-Sep-2018

Evonik is taking the next step in systematically focusing on specialty chemicals with the divestment of its US Jayhawk site in Galena, Kansas. The site produces precursors for agrochemicals, which are not included in the growth businesses defined by Evonik. “We want to continue growing profitably in the specialty chemicals sector,” says Evonik Executive Board Chairman Christian Kullmann. “This also means giving up businesses or sites if a different owner can offer the business better future perspectives. The sale is a further step towards optimizing our portfolio and it opens up new opportunities for us in the targeted development of our growth engines.”

Jayhawk’s activities fall under the Agrochemicals & Polymer Additives business line in Evonik’s Performance Materials segment. Under a share deal, funds advised by the international investment firm Permira will acquire the site along with the company and its approximately 120 employees. “We’re looking forward to successfully growing the business in Jayhawk further,” said Sebastian Hoffmann, Principal and member of the Industrials Team at Permira. “We already have a high level of expertise in customer-oriented solutions in fine chemicals, for example through the investment of the Permira funds in CABB. A strategic cooperation between Jayhawk and CABB will create a seamless transatlantic product and service offering from which existing and new customers of both companies will benefit."

The sale price is in the high double-digit million dollar range. The transaction is subject to approval by antitrust authorities in several countries.

Facts, background information, dossiers
More about Evonik
  • News

    Evonik reorganizes its polyamide business

    The specialty chemicals company has already begun construction of a new polyamide 12 (PA 12) facility complex and is expanding its production of transparent polyamides at the Marl Chemical Park, and, in so doing, is concentrating its activities on high-performance materials for attractive g ... more

    Evonik made a solid start to 2019

    Evonik made a solid start to the new year. Sales in the first quarter rose 1 percent to €3.29 billion compared to the prior-year quarter. Adjusted EBITDA declined 3 percent to €539 million. “In a weakening global economy we were able to hold our ground in terms of sales and earnings,” said ... more

    Evonik expands production capacities for transparent polyamides

    Due to increasing global demand for high-performance polymers, Evonik is expanding its production of transparent polyamides of the TROGAMID® CX brand at the Marl Chemical Park (Germany). Production expansion is scheduled for completion in the first quarter of 2020. The project will double t ... more

  • Job Offers

    Manager (m/f/div) Analytical Development Projects

    We don’t produce car tires, mattresses, tablets, or animal feed. However, these end products contain Evonik products – like 4,000 others, too. Often, it’s just a small amount that we contribute but that’s exactly what makes the difference. This is how Evonik makes tires more fuel-efficient, ... more

  • Companies

    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

    Evonik Industries AG

    more

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