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Mergers & Acquisitions

Evonik to sell two German sites to ICIG

by Alex Scott
April 22, 2023 | A version of this story appeared in Volume 101, Issue 13

 

Evonik Industries will sell its site in Lülsdorf, Germany, and a nearby site in Wesseling to International Chemical Investors Group. The sites generated combined sales of about $280 million last year. They are part of Evonik’s Performance Materials division, which has been for sale since May 2022. Among other products, Evonik makes cyanuric chloride in Wesseling and potassium derivatives in Lülsdorf. ICIG will produce alkoxides for Evonik at Lülsdorf until 2027.

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