Evonik sells colourant business Arsenal Capital Partners

Evonik sells colourant business to Arsenal Capital Partners

2:00 AM, 7th March 2012
Evonik sells colourant business to Arsenal Capital Partners
Dr Thomas Haeberle, Member of Executive Board, Evonik.

ESSEN, GERMANY: Evonik Industries will sell its global colourant business to Arsenal Capital Partners, the US-based private investment firm. The transaction is expected to close in April 2012 following relevant authority approvals. In 2011 Evonik’s colourant business generated sales of around €130 million. “In our view, the divestment to Arsenal opens up promising development opportunities for this business,” informed Dr Thomas Haeberle, Member of Executive Board, Evonik.

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