Chinese factory involved! Evonik is about to spin off this business

On October 21, Evonik announced on its website the sale of its TAA derivatives business to SABO
.

TAA derivatives are considered to be an essential component of the production of hindered amine light stabilizers (H.
A.
L.
S.
), which produce additives that are used at low concentrations to protect and stabilize polymers from light, oxygen and heat decomposition and can significantly increase the service life
of plastics.
TAA derivatives are used in many products, for example in the automotive and construction industries and in the
production of agricultural films.

The TAA business (triacetone amine derivatives) is part of Evonik's Specialty Additives division and has two production sites worldwide, located in Marl, Germany, and Liaoyang, China, involving around 250 employees
.
As the world's leading producer of TAA and its derivatives, Evonik offers a wide range of derivatives (e.
g.
hexamethylene-diacetonediamine, triacetone diamine) as well as customized molecules
based on TAA.

Evonik said that with the sale of its TAA derivatives business to SABO, the company is taking the next step
towards a portfolio focused on specialty chemicals.
According to reports, SABO, an Italian chemical company, is one of the world's leading manufacturers of light stabilizers, and its raw material is TAA derivatives, and Evonik did not disclose more details about the sales price of the business, only saying that the transaction is subject to the approval of the competent board of Evonik, and the project is expected to be completed
in early 2023.

Christian Kullmann, Chairman of the Executive Board of Evonik, said: "We want to continue profitable growth in the specialty chemicals segment, including divesting businesses that no longer fit our strategic priorities, so we are pooling our investment resources while enabling these businesses to better develop the future
under the leadership of our new owners.
" ”

"We are handing over a strong business to an experienced partner," says
Claudine Mollenkopf, head of the specialist additives division.
"The sale to SABO provides new opportunities
for the future growth of TAA's business.
"

Founded in 1937 and headquartered in Italy, SABO's business includes polymer additives, personal care, feed additives, industrial surfactants, SABO is a leading supplier of polymer additives and one of the world's largest manufacturers of light stabilizers (hindered amine light stabilizers), whose products add value
by extending the service life of plastic materials, providing special effects through surface modification and reducing the consumption of natural resources.