Evonik purchases hydrogen peroxide producer in the Netherlands
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Evonik Industries signed a definitive agreement for acquisition of PeroxyChem Netherlands B.V., Delfzijl, from PeroxyChem Holdings, L.P. Subject to pending approval by the cartel authorities responsible, the business with its site in the Netherlands, the 47 employees, and the customer portfolio will be transferred to Evonik at the closing of the sale. It is envisaged to close the transaction in the last quarter of 2015. The parties have agreed not to disclose the purchase price.
The business will increase Evonik’s hydrogen peroxide (H2O2) capacity in Europe. The Dutch site supplements the company’s existing production network of three sites in Antwerp , Rheinfelden , and Weissenstein.