Evonik successfully concludes sale of Colorants business
Following the approval of the Evonik Supervisory Board and the relevant antitrust authorities, Evonik Industries has successfully concluded the sale of the global colorants business. The transaction was closed on April 30, 2012. The new owner is the
U.S. private equity firm Arsenal Capital Partners, of New York. By mutual agreement the financial terms are not being disclosed.
The Colorants business develops, produces, and markets colorants under the COLORTREND® brand name for decorative applications in the architectural sector. Furthermore, CHROMA-CHEM® products are used in industry, for example for maintenance and in marine and wood coatings. Evonik generated sales of about €130 m from its Colorants business in the year 2011. More than 300 employees, integrated into a global organization, work for Colorants in production plants and laboratories as well as sales and marketing offices. These sites are located in the U.S., Canada, Brazil, Australia, China, Malaysia, and the Netherlands.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.