Evonik to Acquire Compounding Business from 3M

Evonik will acquire 3M’s high-concentrates additive compounding business, further expanding its capabilities with specialty additives. “We are gaining an excellent platform for the development of innovative solutions, and will be able to significantly expand our product portfolio with this acquisition,” said Dr. Dietmar Schaefer, head of Evonik’s Interface & Performance Business Line.

The transaction is expected to close in the first quarter 2018, subject to the customary closing conditions. The parties have agreed not to disclose the price of the purchase. The transaction includes the Accurel® brand product produced in Obernburg (Bavaria, Germany), as well as the Obernburg production facility with approximately 25 jobs that will be retained.