Evonik Transforms Into a Leading Additive Supplier in Coatings Industry
ESSEN, Germany - Evonik Industries is transforming into one of the leading suppliers of additives for the coatings industry. The acquisition of Air Products’ Performance Materials division, completed in early January, made a key contribution to this effort.
Effective January 3, 2017, Evonik merged its Coating Additives Business Line, the coatings business of its Silica Business Line and the Specialty Additives branch of Air Products with a focus on substrate wetting additives. Dr. Claus Rettig, Chairman of the Board of Management, Evonik Resource Efficiency GmbH, commented on the move, “The result is one of the world’s leading additives suppliers for the coatings industry. Our technology platform is unlike any other in the world. It allows us to develop innovative solutions for just about any formulation challenge in the paints and coatings industry.”