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Evonik Industries AG Rellinghauser Straße 1-11 45128 Essen, Germany http://www.evonik.com
Contact Ms Mareike Biller +49 201 1773002
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Evonik Industries AG

Evonik to sell its Initiators Group

(PresseBox) (Essen, )
Germany-based Evonik Industries AG has signed an agreement for the sale of the Initiators Group to the U.S. investor Speyside Equity LLC for an undisclosed purchase price. Pending the approval of Evonik's Supervisory Board and the responsible antitrust authorities, the completion of the divestment transaction is expected for the second quarter of 2008.

The transaction includes the entire Initiators Group, with plants, amongst others, in Pullach, Germany and Elyria, Ohio, USA. The business headquarters of the group will remain at the largest site: Pullach. Speyside Equity plans to continue the existing strategy.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.