Evonik acquire shares in Evonik Silco Materials

Evonik to acquire shares in Evonik Silco Materials

11:26 PM, 23rd December 2011
Evonik to acquire shares in Evonik Silco Materials

NEW JERSEY, US: Evonik Degussa Corporation has purchased the outstanding shares of colloidal silica maker, Evonik Silco Materials LLC. Evonik initially purchased a controlling stake in Harris & Ford Silco LLC in April 2010, renaming it Evonik Silco Materials. Effective from 1 January 2012, Evonik Silco Materials will be merged into Evonik Degussa Corporation.

“The company offers products and technologies complementary to Evonik’s existing silica portfolio. This transaction represents a strategic fit because it makes Evonik an all-around supplier of particles for chemical mechanical polishing applications and furthers Evonik’s position in a variety of growth markets such as the semiconductor sector. The acquisition allows Evonik to develop and perfect innovative ultra-high purity colloidal silica to meet our customers’ growing demands,” said Burkhard Zoller, CEO, Evonik Silco Materials and Head of the Inorganic Materials Business Unit, North America.

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