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Chemical Week Magazine :: Newsbriefs
Private Equity Firm Buys Rütgers Chemicals from Evonik
6:28 AM MST | December 12, 2007 | Chemical Week Editorial Staff
Private equity firm Triton (London) has agreed to acquire Evonik Industries’ Rütgers Chemicals (Castrop-Rauxel, Germany) tar chemicals processing subsidiary. Financial terms were not disclosed, although analysts speculated prior to the agreement that Rütgers would sell for about €300 million ($438 million). The deal remains subject to approval by Evonik’s supervisory board, Evonik says. Rütgers generated 2006 sales of €650 million. Sales are expected to reach about €700 million for 2007, Evonik says. Rütgers’s...
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