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Evonik Announces Sale of its Global Colorants business

Purchase agreement signed

09-Mar-2012 - Germany

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Evonik Industries announced that it has entered into an agreement to sell its global colorants business to the U.S. private investment firm Arsenal Capital Partners. It was agreed not to disclose the financial terms.

The transaction is expected to be closed in April 2012 following the approval of Evonik's Supervisory Board and the relevant regulatory authorities.

"In our view, the divestment to Arsenal opens up promising development opportunities for this business. We are placing it in good hands and are very pleased with the transaction," commented Dr. Thomas Haeberle, member of Evonik’s Executive Board and responsible for the Resource Efficiency segment, to which the colorants business is assigned.

https://www.chemeurope.com/en/news/136870/evonik-announces-sale-of-its-global-colorants-business.html
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