Evonik has signed an agreement with Monarch Catalyst to acquire 100 % of the company’s shares. The transaction is expected to close during the first half of 2015 after the required approvals have been received. The parties have agreed to keep the purchase price confidential.
Monarch Catalyst’s global oils & fats hydrogenation catalysts business has about 300 employees. This bolt-on acquisition in India with annual sales in the low double-digit million euro range complements Evonik’s leading positions in activated base metal catalysts and precious metal catalysts.
- Evonik Industries AG, Essen, Germany
- Monarch Catalyst Pvt. Ltd., Dombivli, India