Evonik-silica-600

Evonik to acquire Huber Silica

Essen, Germany – Evonik AG intends to acquire the silica business of US-based JM Huber Corp. for $630 million (€596 million), enabling it to expand its position in North America and Asia.

The firm said Huber Silica will significantly strengthen its resource efficiency growth segment and offers the opportunity to strategically develop Evonik’s portfolio. Evonik said in a 9 Dec news release that it projects the transaction to be complete in the second half of 2017, subject to the approval of relevant authorities.

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