Antioxidants Line Goes Back To Raschig | Chemical & Engineering News
Volume 86 Issue 14 | p. 33 | Concentrates
Issue Date: April 7, 2008

Antioxidants Line Goes Back To Raschig

Department: Business

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.

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