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Italian chemical company acquires the two production sites in Marl, Germany and Liaoyang, China, as of Jan. 1, 2023.
January 10, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
With the sale of its TAA derivatives business to SABO, Evonik is taking the next step in focusing its portfolio on specialty chemicals. The Italian chemical company is one of the world’s leading manufacturers of light stabilizers, for which TAA derivatives are a raw material. On the sales price, no details are disclosed. The transaction was announced in mid-October, and the closing took place on Dec. 29, 2022. “We want to continue our profitable growth in the specialty chemicals busi...
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