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Evonik acquires Silbond, a producer of silicic acid esters

4:35 PM MST | March 4, 2014 | Natasha Alperowicz

Evonik Industries said today that it has acquired Silbond Corporation (Weston, MI), a leading supplier of silicic acid esters. The transaction, with a purchase price in the mid-double-digit million euro range, closed on 28 February 2014.    Silicic acid esters are used in a wide range of applications, including the electronics industry and in chemical applications, such as coatings. Silbond makes tetraethoxysilane (TEOS), the most important silicic acid ester. “Silbond has aligned its specialty product portfolio to attractive growth markets. With...

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