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Home  > Markets & companies  > Raw materials market  > Evonik acquires US company Silbond

Wednesday, 18 September 2019
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Markets & companies, Raw materials market

Evonik acquires US company Silbond

Wednesday, 5 March 2014

Through the acquisition the supplier of silicic acid esters, Evonik strengthens its presence in North America.

The acquisition of Silbond opens up the door for Evonik into the attractive North American region and is strengthening the company’s position as a whole with regards to silanes. Source: Erdquadrat - Fotolia.com
The acquisition of Silbond opens up the door for Evonik into the attractive North American region and is strengthening the company’s position as a...

Evonik Industries AG has acquired Silbond Corp. (Weston, Michigan, USA), a supplier of silicic acid esters. The purchase price was in the mid-double-digit million Euro range. As a special group of functional silanes, silicic acid esters are used in a wide variety of applications with a promising future—for example in the electronics industry or in chemical applications such as coatings. The most important silicic acid ester is Tetraethoxysilane (TEOS) which is manufactured by Silbond. With its TEOS specialty business, the US company supplies end markets with above-average growth. These markets include the electronics industry as well as markets for chemical applications with an annual growth of 5 to 6 %. In addition, TEOS is used as a binder for foundry molds and in anti-corrosion paints.

Patrik Wohlhauser, member of the Executive Board of Evonik Industries and Chief Operating Officer, says: "Silbond has aligned its specialty product portfolio to attractive growth markets. With the acquisition of the company we are further strengthening our leading position as a whole with regards to silanes and are improving our position in relation to technology and profitability.” Dr. Johannes Ohmer, Head of the Inorganic Materials Business Unit in the Resource Efficiency Segment, says: "The acquisition of Silbond opens up the door for us into the attractive North American region. We are now able to supply our customers with TEOS from a local production capacity and monitor future growth in the silicic acid esters market."

Evonik already produces functional silanes at its sites in Rheinfelden (Germany), Antwerp (Belgium), Rizhao (China) and Mobile (USA). With the Weston site, the Group is now extending its production network with efficient technology for silicic acid esters, primarily for the attractive North American region.

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