Evonik,Fahnen, vor der Zentrale in Essen, im Juli 2008, Flagge,

Evonik completes €3.6bn acquisition of Air Products division

Essen, Germany—Evonik Industries AG has completed its acquisition of the Performance Materials Division of Air Products Inc for $3.8 billion (€3.6 billion).

The firm confirmed in a 3 Jan news release that the transaction has received approval from the relevant antitrust authorities and the integration process is underway. Evonik projects synergies of $80 million once fully integrated.

Air Products said at the time of the transaction that the division produces speciality and coating additives and reported sales of about $1.06 billion and revenue in $241 million of…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with