Industry News

Evonik Acquires U.S.-based Silbond

Author Image

By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Evonik Industries AG has acquired Silbond Corp., Weston, MI, a leading supplier of silicic acid esters. The transaction, with a purchase price in the mid-double-digit million euro range, closed on Feb. 28, 2014. As a special group of functional silanes, silicic acid esters are used in a wide variety of applications with a promising future—for example in the electronics industry or in chemical applications such as coatings. The most important silicic acid ester is tetraethoxysilane (TEOS), which...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters