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Evonik announced the acquisition of the US Porocel Group for US$210 million to accelerate the growth of the catalyst business
.
"This acquisition is an important step in the development strategy of Evonik's product portfolio .
Evonik said that Porocel's global presence will help enhance the global influence of Evonik's catalyst business
.
drive sustainable development
Claus Rettig, head of Evonik's smart materials business unit, said that the acquisition will help Evonik to practice sustainable development
.
“Sustainability, especially the circular economy, is one of our biggest considerations when it comes to acquisitions and product portfolio positioning.