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Home  > Markets & companies  > Raw materials market  > Evonik announces sale of its global colora...

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

Evonik announces sale of its global colorants business

Wednesday, 7 March 2012

U.S. private investment firm Arsenal Capital Partners has signed an agreement to purchase Evonik’s colorants business.

The transaction is expected to be closed in April 2012 following the approval of Evonik's Supervisory Board and the relevant regulatory authorities.

Source: Konstantin Gastmann/Pixelio.de
The transaction is expected to be closed in April 2012 following the approval of Evonik's Supervisory Board and the relevant regulatory authorities...

Evonik Industries announced that it has entered into an agreement to sell its global colorants business to the U.S. private investment firm Arsenal Capital Partners. The transaction is expected to be closed in April 2012 following the approval of Evonik's Supervisory Board and the relevant regulatory authorities. "We look forward to supporting and building the business organically and with strategic acquisitions that will further expand its network," sayed John Televantos, Partner at Arsenal and Co-Head of the firm’s Specialty Industrials Group. The company’s colorants business develops, produces and markets colorant systems for decorative coatings. Evonik's colorants business generated sales of around EUR 130 million. With a global setup the colorants business employs more than 300 people in their production sites and laboratories supported by sales and technical professionals. These facilities are located in the USA, Canada, Brazil, Australia, China, Malaysia, and the Netherlands.

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