MUNICH, Germany - Wacker Chemie GmbH announced an agreement to sell its ADDID surface coating additives business to Degussa AG's Oligomers & Silicones business unit. Terms were not disclosed.
Degussa's Tego Coating & Ink Additives business assumed exclusive worldwide brand and distribution rights to the ADDID additives business, effective Oct. 1. The products will be marketed under the Tego ADDID brand name.