Sector News

Evonik Industries to acquire Indian company Monarch Catalyst

March 11, 2015
Energy & Chemical Value Chain
Evonik Industries says it intends to strengthen its global catalysts business and to this end today signed an agreement with Monarch Catalyst Pvt. (Dombivli, India) to acquire 100% of the company’s shares. Monarch is a producer of oils & fats hydrogenation catalysts and employs 300 people. The transaction is expected to close during the first half year of 2015 after the required approvals have been received. The parties have agreed not to disclose the purchase price.   
 
> Read the full article on the Chemical Week website
 
By Natasha Alperowicz
 

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