12 December 2016
DETAILS
• Strengthening of growth segment Resource Efficiency
• Expansion of technology-driven silica business
• Highly complementary product portfolios
and regional exposures
• Contribution to
strategic development of Evonik’s portfolio
Evonik Industries AG acquires the silica business
of the US company J.M. Huber
for 630 million US dollars.
This enables Evonik to expand its position
in North America and Asia
in this profitable and resilient business.
For the 2016 financial year, Huber Silica
is expected to achieve
sales of close to 300 million US dollars and
an EBITDA of 60 million US dollars.
This corresponds to an attractive
EBITDA margin of more than 20 percent.
Through the ideal complementarity
of the two business areas, Evonik expects
to generate synergies of 20 million US dollars,
largely in the areas of production, logistics
and procurement as well as through
harmonization of the product portfolio.
Evonik expects to have all synergy measures
implemented by 2021.
Silica are small particles based on silicon dioxide.
Depending on the surface structure,
they have a significant influence on
the final product characteristics.
Production is strongly technology-driven
and thus ensures intensive
and lasting customer relationships.
The manufacturing process is independent
from oil-based raw materials and
therefore well-suited to
Evonik’s sustainable business strategy
Klaus Engel
Chairman of the Executive Board of Evonik
“Huber Silica will significantly strengthen
our growth segment Resource Efficiency,”
“In addition, it offers the opportunity
to strategically develop Evonik’s portfolio.”
Mike Marberry,
President and Chief Executive Officer of Huber
“The silica business has been part of Huber
since the 1950s and paved the way
for our company’s global expansion
into engineered materials,”
“While it is difficult to part with a longstanding business,
we see Evonik as an excellent strategic fit
for both our silica customers and employees.”
Contact Evonik
Scarlett Shi
Communications
Tel +86 21 6119-1000
Fax +86 21 6119-1116
scarlett.shi@evonik.com
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