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The combined specialty and coating additives business has a turnover of around €3.5 billion and an EBITDA margin of 20%.
May 6, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik Industries AG is acquiring the Specialty & Coating Additives business (Performance Materials Division) of Air Products and Chemicals, Inc. for $3.8 billion (approximately. €3.5 billion), strengthening its leading position on the high-margin specialty and coating additives market. The transaction is intended to be completed by the end of the year. It is expected that the acquisition will be EPS accretive for Evonik in the 2017 business year. “Evonik is already one of the leading p...
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