Evonik Closes Divestment of Carbon Black Business
August 3, 2011
ESSEN, Germany - Evonik Industries successfully completed the divestment of its carbon black activities on July 29, 2011. The new owners are the investors Rhône Capital and Triton Partners. Including the assumption of certain obligations, the transaction is valued at over EUR 900 million. The carbon black business generated sales of around EUR 1.2 billion in fiscal 2010. The business has been acquired intact with its approximately 1,650 employees, about 500 of whom are based in Germany. Evonik Carbon Black was renamed upon transfer and now operates as Orion Engineered Carbons.