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Tuesday, 24 September 2019
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Markets & companies, Raw materials market

Evonik merges units in the new coating additives business

Monday, 13 February 2017

Effective January 3, 2017, Evonik Industries merged its coating additives business line, the coatings business of its silica business line, and the specialty additives branch of Air Products with a focus on substrate wetting additives.

Evonik merges units in the new coating additives business. Source: pixabay.com/CCO

Evonik merges units in the new coating additives business. Source: pixabay.com/CCO

Dr. Claus Rettig, Chairman of the Board of Management, Evonik Resource Efficiency GmbH, says, "The result is one of the world’s leading additives suppliers for the coatings industry. Our technology platform is unlike any other in the world. It allows us to develop innovative solutions for just about any formulation challenge in the paints and coatings industry.”

Three lines under one roof

The products of the new business line complement each other well. The broad range of additives for water-based coatings under the "Tego" brand will be combined with "Aerosil" silica to control the rheological properties of paints and coatings as well as the "Acematt" matting agent. The acquired substrate wetting agents under the "Surfynol" and "Dynol" brand names and additional expertise on the formulation of automotive coatings in particular are the perfect complement to the coatings additives portfolio.

Further strengthening the business

To Dr. Gaetano Blanda, head of the new business line, joining forces to create added value for customers and Evonik is one of the most important goals. He wants to further strengthen the unit and places his trust in the excellently qualified employees. Some 450 employees at around 30 production and research sites of the new business line currently offer about 500 products. Other than the expanded product portfolio, the acquisition of the Performance Materials division of Air Products will not initially mean any changes for customers. Blanda promises: "Contact persons and existing contracts will remain unaffected."

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