Recently, Evonik announced that it will acquire 3M's high-concentration additive polymerization business and the corresponding agreement has been signed. Evonik Specialty Chemicals Division is further expanding its high-margin business in specialty additives. Evonik is committed to providing the plastic industry with Diversified additives, this acquisition will enable Evonik to provide the ability to provide solid additives.
Dietmar Schaefer, Ph.D., director of Interface & Performance Business Line, said: 'We are expanding our platform for innovative solutions and this acquisition will strengthen the company's capabilities in specialty additives - specialty additives as well Evonik's growth focus is based on customary closing conditions and the deal is expected to close in the first quarter of 2018. At the moment both parties agree not to disclose the purchase price. "
The deal includes the Accurel® branded product portfolio in Obernburg, Bavaria, Germany, and the Obernburg manufacturing facility, which offers 25 jobs. High concentration additive polymerization technology allows plastic manufacturers to introduce large amounts of additives into polymer matrices via solid polymer carriers. This will allow Evonik to launch new applications in the packaging industry, which will be incorporated into Evonik's interfacing and performance business product lines.
The cross-linking and performance business line produces and sells plastic industry-specific additives that improve plastics processing such as improved filler dispersion, fluidity, improved scratch resistance, controlled odor, and mechanical strength. In addition, The Crosslinking and Performance Business unit utilizes innovative technology platforms to produce specialty additives for silicones and surfactants.The company's typical applications for specialty additives in the plastics industry include films, foams, fibers, nonwovens, injection molding and cables.
In recent years, Evonik has been ambitious development and integration of its cross-linking expertise, first in March of this year, Evonik Industrial Group invested 3.8 billion US dollars (about 3.5 billion euros), the acquisition of American Air Products Company's specialty chemicals and paint additives (Within its functional materials division), Evonik Industries Group subsequently merged its isophorone chemicals business and epoxy curing agent business into a new cross-linking agent business line effective July 1, 2017. New The established line of business, led by Min Chong, is part of the resource efficiency business segment.
With the acquisition of Air Products Epoxy Curing Agent business and Evonik's long history of isophorone chemistry, the company has a very broad technology platform and a specialist cross-linking technology. This acquisition of 3M High concentration of additives polymerization business, will also further enhance Evonik cross-linking agent in the overall strength.