German chemical company Evonik Industries AG said Friday it was in talks with J.M. Huber Corp. to buy the U.S. company’s silica business, which has annual revenue of around $300 million.
A possible price tag of $630 million, reported by newspaper Westdeutsche Allgemeine Zeitung, is “in the range of what one would assume,” said Evonik spokesman Jörg Wagner. Evonik’s supervisory board hadn’t approved the deal yet but would meet later on Friday, he added.
By Friedrich Geiger
Source: MarketWatch
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
