09.01.17
Evonik said Friday that it closed its $630 million acquistion of J.M. Huber Corporation’s silica business.
"We are strengthening our ‘Smart Materials’ growth engine by continuing to expand our globally leading position in the silica business," said Christian Kullmann, chairman of the Executive Board of Evonik.
The newly acquired business will be integrated into the Resource Efficiency Segment, according to Evonik.
According to Evonik, Huber Silica acheived close to $300 million in sales last year.
“The strength of our Huber Silica business was built, in part, from the collaborative spirit of our Silica employees, who adhere to best practices in Environment, Health, Safety and Sustainability, ethical behavior, respect for people and operational excellence," said Mike Marberry, Huber president and CEO.
Photo courtesy ACG
"We are strengthening our ‘Smart Materials’ growth engine by continuing to expand our globally leading position in the silica business," said Christian Kullmann, chairman of the Executive Board of Evonik.
The newly acquired business will be integrated into the Resource Efficiency Segment, according to Evonik.
According to Evonik, Huber Silica acheived close to $300 million in sales last year.
“The strength of our Huber Silica business was built, in part, from the collaborative spirit of our Silica employees, who adhere to best practices in Environment, Health, Safety and Sustainability, ethical behavior, respect for people and operational excellence," said Mike Marberry, Huber president and CEO.
Photo courtesy ACG
