London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Kaneka Corp to acquire Evonik Rohm GmbH's acrylic modifier and acrylic sol businesses

August 05/2011

(Plastemart) -- Kaneka Corporation and Kaneka Belgium N.V. have reached an agreement with Evonik Rohm Gmb of the Evonik Industries AG Group regarding the acquisition of Evonik's acrylic modifier and acrylic sol businesses. As per the acquisition agreement concluded on June 23, the acrylic modifier and acrylic sol businesses of Evonik will be acquired by Kaneka. The acquisition encompasses tangible fixed assets associated with the relevant operations of Wesseling site, and other assets, as well as employees of the manufacturing department and separate contracts with third parties. Kaneka Belgium will carry out sales and production of the acquired businesses while setting up a new company Kaneka Modifiers Deutschland GmbH, at the Wesseling site of Evonik to inherit tangible fixed assets and manufacturing department employees from Evonik. The new entity will be a 100% subsidiary of Kaneka Belgium.

This acquisition is subject to the approval by the German Federal Cartel Office in accordance with German competition law i.e. Act Against Restraints of Competition.

Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe