IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Evonik Completes Sale of Colorants Business to U.S. Private Equity Firm

2:19 AM MDT | May 2, 2012 | Sotirios Frantzanas

The previously announced sale of Evonik Industries' colorants business to private equity firm Arsenal Capital Partners (New York) has been completed after approvals from Evonik's supervisory board, and the relevant regulatory authorities. Evonik's colorants business develops, produces, and markets colorant systems for decorative coatings. Financial terms of the transaction were not disclosed. The business, which employs more than 300 people, generated revenues of about €130 million ($171 million) in 2011. Its production sites...

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