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Evonik Industries Buys Altana's PU Foam Stabilizers Business

4:38 AM MDT | July 23, 2010 | Natasha Alperowicz

Evonik Goldschmidt, a unit of Evonik Industries, has acquired Altana's small Silbyk polyurethanes (PU) foam stabilizers business, based at Wesel, Germany. The business, a part of Altana's BYK additives and industries division, reported sales of €5 million ($6.4 million) in 2009. The transaction includes customer list and expertise in the manufacture of Silbyk products for the PU foam industry. The acquisition complements Evonik's existing portfolio of PU foam additives, the company says. These are mainly used as insulation materials in the construction...

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