Issue Date: April 7, 2008
Antioxidants Line Goes Back To Raschig
German specialty chemical firm Raschig has repurchased a phenolic antioxidant business it sold to Evonik Industries predecessor Degussa in 2002. In May 2007, Evonik sold the antioxidant business to Arques Industries, a German investment firm, for what Arques said was a token price. Arques now has sold the business to Raschig for $16.5 million. The business, called Oxiris Chemicals, employs 50 people at a plant in Sant Celoni, Spain, and has annual sales of about $42 million. Raschig says the purchase, the biggest in its history, will improve profits.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society