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Evonik Acquires Remaining Stake in Evonik Silco Materials

12:15 AM MST | December 23, 2011 | Deepti Ramesh

Evonik Degussa has acquired the outstanding shares of colloidal silica maker Evonik Silco Materials (Portland, OR). Evonik initially purchased a controlling stake in Harris & Ford Silco (Portland) in April 2010 and renamed the company Evonik Silco Materials. Evonik Silco Materials will be merged into Evonik Degussa effective January 1, 2012. “This transaction represents an excellent strategic fit because it makes Evonik an all-around supplier of particles for chemical mechanical polishing (CMP) applications and furthers Evonik’s position in a...

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