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Evonik Industries has acquired all interests in Degussa Engineered Carbons. The company acquired the remaining 50% shares in its former carbon black joint venture, Degussa Engineered Carbons (DEC). In 2002, Evonik and ECI formed the joint venture to combine their carbon black businesses in North America. The transaction was effective Oct. 29, 2007. DEC will now be fully-owned subsidiary of Evonik. Financial details of the transaction will not be disclosed.
“Carbon black is one of our strategic growth areas that we are systematically expanding. This transaction underlines Evonik’s commitment in the North American market and will add significant value to our Group,” said Klaus Engel, PhD, member of the management board of Evonik in a recent press release.
DEC produces and markets furnace grade carbon blacks for the rubber and pigment industries in North America and thermal blacks worldwide. DEC is one of the activities of Evonik’s Business Unit Advanced Fillers & Pigments.