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Home  > Markets & companies  > Coatings market  > Evonik successfully concludes sale of Colo...

Friday, 20 September 2019
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Markets & companies, Coatings market

Evonik successfully concludes sale of Colorants business

Friday, 4 May 2012

The transaction was closed on April 30, 2012. The new owner is the U.S. private equity firm Arsenal Capital Partners, of New York.

Following the approval of the Evonik Supervisory Board and the relevant antitrust authorities, Evonik Industries has successfully concluded the sale of the global colorants business.

Source: Evonik
Following the approval of the Evonik Supervisory Board and the relevant antitrust authorities, Evonik Industries has successfully concluded the sal...

Following the approval of the Evonik Supervisory Board and the relevant antitrust authorities, Evonik Industries has successfully concluded the sale of the global colorants business. The transaction was closed on April 30, 2012. The new owner is the U.S. private equity firm Arsenal Capital Partners, of New York.The private equity firm announced the concurrent acquisition of Plasticolors, Inc. and Evonik Industries’ Colortrend global colorants business to create Chromaflo Technologies, an independent global pigment dispersion platform.

The Colorants business develops, produces, and markets colorants under the "Colortrend" brand name for decorative applications in the architectural sector. Furthermore, chroma-chem products are used in industry, for example for maintenance and in marine and wood coatings. Evonik generated sales of about EUR 130 million from its Colorants business in the year 2011. More than 300 employees, integrated into a global organization, work for Colorants in production plants and laboratories as well as sales and marketing offices. These sites are located in the U.S., Canada, Brazil, Australia, China, Malaysia, and the Netherlands.

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