Evonik sells TAA derivatives business to Sabo
With the sale of its TAA derivatives business to Sabo, Evonik is taking the next step in focusing its portfolio on specialty chemicals.
The Italian chemical company Sabo is one of the world’s leading manufacturers of light stabilisers, for which TAA derivatives are a raw material. On the sales price, no details were disclosed. The closing of the transaction took place on December 29, 2022.
“Continue our profitable growth in the specialty chemicals businesses”
“We want to continue our profitable growth in the specialty chemicals businesses,” says Christian Kullmann, Chairman of the Executive Board of Evonik. “And that includes divesting businesses that do not longer fit to our strategic focus and that could have a better future with new owners.” The TAA business was part of Evonik’s Specialty Additives Division.
