in this issue
People & Business :: M&A
Evonik Completes Sale of Carbon Black Business
4:20 AM MDT | August 1, 2011 | Alex Scott
Evonik has completed the previously disclosed divestment of its carbon black business to investment firms Rhône Capital (New York) and Triton Partners. The deal includes the assumption of certain obligations. The transaction is valued at over €900 million ($1.3 billion). The carbon black business generated sales of around €1.2 billion in fiscal 2010. The business has been acquired in its entirety, with approximately 1,650 employees, about 500 of whom are based in Germany. Evonik Carbon Black was renamed upon transfer and now operates as Orion...
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