DÜSSELDORF, Germany - Degussa AG is parting from its industrial chemicals business via a management buyout. Through the buyout, the managing director of Mannheim-based Goldschmidt TIB GmbH, Dr. Karsten Tiemann, takes over the activities in Germany and Mexico. The U.S. business is to be sold separately. Details of the management buyout have not been disclosed.

In 2005, the approx. 330 employees of the industrial chemicals business in Germany and Mexico generated sales of more than €85 million.