Evonik buys out 50% shares in Degussa carbon black
31 Oct '07
1 min read
Evonik Industries AG has acquired the remaining 50percent shares in its former carbon black Joint Venture Degussa Engineered Carbons (DEC) effectively October 29, 2007 from ECI.
DEC will now be a 100percent owned subsidiary of Evonik. Financial details of the transaction will not be disclosed. Closing has occurred.
In 2002 Evonik and ECI formed the joint venture to combine their carbon black businesses in North America. DEC is headquartered in Parsippany, New Jersey/U.S, and produces and markets furnace grade carbon blacks for the rubber and pigment industries in North America and thermal blacks worldwide.
DEC is one of the activities of Evonik's Business Unit Advanced Fillers & Pigments which is present globally in 30 production locations in 18 countries on five continents. Evonik is the only one-stop-shop supplier of carbon black, rubber silicas and rubber silanes.
This makes the Advanced Fillers & Pigments Business Unit one of the highest performing system providers for the rubber-processing industry.
The business unit's entire product range also offers tailor-made solutions to manufacturers of dyes, enamels, and printing inks, and to the plastics industry.
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