My watch list  

Evonik concludes sale of its Jayhawk site

Company continues to focus on high-margin specialty chemicals businesses


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 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


    Evonik Industries AG


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