Industry News, Mergers and Acquisitions, Suppliers News

EU Approves Evonik’s Purchase of Huber Silica with Conditions

Decision is conditional on the divestment of some of both companies’ activities related to precipitated silica.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The European Commission has approved under the EU Merger Regulation Evonik’s acquisition of Huber Silica. Evonik and Huber Silica are both manufacturers of specialty chemicals, including precipitated silica. The decision is conditional on the divestment of some of both companies’ activities related to precipitated silica, a chemical used in tires, toothpaste, defoamers, paints and coatings.   The Commission’s investigation concluded that the transaction, as notified, raised competition concern...

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