German chemicals group Evonik has agreed the key terms of a 3 billion euro ($3.4...
FILE PHOTO: The logo of German specialty chemical company Evonik Industries AG is pictured at their plant in Bitterfeld, Germany, February 29, 2016. REUTERS/Fabrizio Bensch
Evonik’s supervisory board has yet to sign off on the sale of the manufacturer of clear acrylic sheet and precursor materials, but the purchase agreement is being put together, the German group said in a brief statement on Monday. The company announced plans in March 2018 to sell the business, looking to focus on faster-growing sectors, such as feed additives and rubber silica for tires.
PMMA is used in the construction, automotive and electronics industries and known by brand names such as Plexiglas.
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