Evonik Industries GA, global market leader in polyurethane additives, has added the range of polyurethane foam stabilizers supplied by BYK-Chemie GmbH of Wesel, Germany, to its portfolio. The deal including BYK’s existing business contacts and expertise in the manufacture of products sold under the Silbyk tradename, but no assets or personnel.
No financial details were released, but BYK said that worldwide sales of its PU additives business were about 5 million euros in 2009. The staff involved in the development and production of the polyurethane foam stabilizers will remain employed at BYK’s main factory in Wesel, the firm’s statement added.
The move allows Evonik to enhance its polyurethane additives business in some...