07/23/2010

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Evonik acquires PU additives business of BYK-Chemie

The acquisition includes the existing business contacts and expertise in the manufacture of Silbyk products for the PU foam industry and complements Evonik's existing portfolio of PU foam additives. In the business year 2009, worldwide sales of the Silbyk business amounted to about EUR 5 million. The purchase price was not disclosed. The staff who have dealt with the development and production of the PU foam stabilisers will remain employed at BYK's main factory in Wesel.
Evonik is a market leader in PU additives, its key products being foam stabilisers. The transaction allows the Polyurethane Additives business line of Evonik to enhance its existing business in some market segments and to strengthen its overall market position in the long term, says the company.

The total market for polyurethane additives is growing continuously. Asia, especially China, is a regional growth market, and Evonik already has a strong market presence with its PU additives in this region. In addition to PU foam stabilisers, the portfolio includes metal and amine catalysts, release agents, colourants, antioxidants, antistatic agents and other additives used in the manufacture of PU foams and to provide certain physical properties to the final foam products.

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