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(evonik) -- Following the approval of the
Evonik Supervisory Board and the relevant antitrust authorities, Evonik
Industries has successfully concluded the sale of the global colorants business.
The transaction was closed on April 30, 2012. The new owner is the U.S. private
equity firm Arsenal Capital Partners, of New York. By mutual agreement the
financial terms are not being disclosed.
The Colorants business develops, produces, and markets colorants under the
COLORTREND brand name for decorative applications in the architectural sector.
Furthermore, CHROMA-CHEM products are used in industry, for example for
maintenance and in marine and wood coatings. Evonik generated sales of about
EUR130 m from its Colorants business in the year 2011. More than 300 employees,
integrated into a global organization, work for Colorants in production plants
and laboratories as well as sales and marketing offices. These sites are located
in the U.S., Canada, Brazil, Australia, China, Malaysia, and the
Netherlands.
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