Evonik sells UK Seal Sands synthesis business

28 November 2008 20:24  [Source: ICIS news]

LONDON (ICIS news)--Evonik has sold its Seal Sands, UK, fine organics business to local management, the Germany-based specialty chemicals maker said on Friday.

Financial terms of the deal were not disclosed.

The management buyout team had established a new company, Fine Organics Limited. The buyout includes all former Evonik site assets, employees and on-going operations, Evonik said.

Fine Organics will continue to manufacture products for the market and for Evonik Degussa on a custom manufacturing basis, Evonik added.

To discuss issues facing the chemical industry go to ICIS connect

By: Staff Reporter
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index