CMO Evonik acquires silica business for $630m

By Melissa Fassbender contact

- Last updated on GMT

Silica are small particles based on silicon dioxide used in a variety of industries. (Image: iStock/olando_o)
Silica are small particles based on silicon dioxide used in a variety of industries. (Image: iStock/olando_o)

Related tags: Board of directors

Evonik Industries AG has acquired the silica business from the US company J.M. Huber, expanding the company’s presence in North America and Asia.

According to the company, Evonik’s silica products​ are being applied as flow additives and carriers for the manufacture of pharmaceuticals, as well as foodstuffs and cosmetics.

Christian Kullmann, Executive Board Member for Strategy at Evonik, commented in a release, “Combining the complementary silica businesses of Evonik and Huber will strengthen an important pillar of our portfolio​.”

Kullmann also added that Huber Silica is an “excellent regional fit with its focus on the U.S., China and India​.”

For the 2016 financial year, Huber Silica is expected to achieve sales of around $300m. Moving forward, Evonik expects to generate synergies of $20m by 2021.

The transaction is expected to be completed in the second half of 2017.

Related news

Related products

show more

Flexible Filling Solution for CMOs

Flexible Filling Solution for CMOs

Single Use Support GmBH | 18-May-2022 | Insight Guide

Achieving flexibility requires modularity of technologies.

CMOs and CDMOs aspire to be flexible for multiple applications. Efficient automated...

Eastern & Western Manufacturing Solutions

Eastern & Western Manufacturing Solutions

Piramal Pharma Solutions | 15-Mar-2022 | Technical / White Paper

The best manufacturing site for a product can change throughout the life cycle. When bringing new drugs to market, biopharma companies may benefit from...

Related suppliers

Follow us

Products

View more

Webinars