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Evonik Acquires Silica Business From J.M. Huber Corp.

The closing is slated for Sept. 1, 2017.

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

Evonik said it will close on its $630 million acquistion of J.M. Huber Corporation’s silica business on Sept. 1, 2017.

“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. 





Photo courtesy ACG

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