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Evonik sells site to ICIG

Evonik has agreed to sell its site at Niederkassel-Lülsdorf, Germany, and the associated cyanuric chloride business at Wesseling to International Chemical Investors Group (ICIG). Terms were not disclosed and the deal is scheduled to close in mid-2023, subject to regulatory clearance and approval by the competent Evonik committees. The businesses being divested had sales of around €260 million in 2022.

Evonik announces ‘next phase of strategic transformation’

At its Capital Markets Day, Evonik announced that it is embarking on the next phase of its strategic transformation. During this, said board chairman Christian Kullmann, the company will be “executing targeted and massive investments in green growth and making sustainability our central innovation driver”.

PQ Group sells Performance Materials to Jordan

PQ Group Holdings has agreed to sell its Performance Materials business, known as Potters Industries and a major producer of engineered glass materials, for $650 million to mid-market private equity firm Jordan Company. The deal should close by the end of the year, subject to regulatory approvals and customary closing conditions.

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