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December 20, 2007
By: KERRY PIANOFORTE
Editor, Coatings World
Evonik Industries has acquired the remaining 50% share in its former carbon black joint venture Degussa Engineered Carbons (DEC) from ECI. DEC will now be a 100% 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,” said Klaus Engel, member of the management board of Evonik and responsible for the chemicals business area. “This transaction underlies Evonik’s commitment in the North American market and will add significant value to our group.” In 2002 Evonik and ECI formed the joint venture to combine their carbon black businesses in North America.
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