Evonik to acquire Monarch Catalyst

摘要

EVONIK Industries AG, German specialty chemical company has signed an agreement to acquire 100% state of Monarch Catalyst Pvt Ltd, Dorhbivli (Thane, Maharashtra), in order to strengthen its global catalysts business. The transaction is expected to close during the first half year of 2015 after the required approvals have been received. The parties have agreed to keep the purchase price confidential. Evonik is one of the leading global players in producing specialty catalysts, custom catalysts and catalysts components for the life sciences & fine chemicals, industrial & petrochemical and polyolefines market segments. This bolt-on acquisition of Monarch Catalyst with annual sales in the low double-digit million Euro range complements Evonik's leading positions in activated base metal catalysts and precious metal catalysts. Monarch's global oils & fats hydrogenation catalysts business is a broadening of the Evonik catalysts portfolio. Monarch Catalyst has about 300 employees.