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Evonik Industries Buys Catalysts Business in India

3:44 AM MDT | June 7, 2010 | Natasha Alperowicz

Evonik Industries has acquired Ravindra Heraeus's (Udaipur, India) precious metal powder catalysts business. All know-how, technology, and business relationships with catalyst customers will pass from Ravindra Heraeus, a 50-50 joint venture between Heraeus (Hanau, Germany) and family owned Ravindra Choksi, to Evonik, under the agreement. Production equipment will remain with the Indian company. The partners have also concluded long-term agreements covering contract manufacturing and precious metal recycling. Ravindra Heraeus will continue to produce precious...

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