Evonik sells DILAVEST business to Paramelt

05-Sep-2011 - Germany
On September 1, 2011, Evonik Industries and Paramelt B.V. 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.
Both companies agreed not to disclose information on the terms of the transaction.

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