Evonik completes purchase of Huber silica business

Essen, Germany – JM Huber Corp. has completed the sale of the silica business unit of Huber Engineered Materials to Evonik Industries AG, a global speciality chemicals company.

The $630 million (€596 million), transaction, completed after approvals from the European Commission and other global regulatory bodies, transfers ownership of the HEM silica facilities in North America, Europe and Asia to Evonik as of 1 Sept.

Proceeds from the sale will enable Huber to invest and expand its product portfolio in other areas, including potential future acquisitions of…

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