Evonik and ICIG complete sale of superabsorbents business
ESSEN, Germany, September 3, 2024-
Evonik has successfully completed the sale of its superabsorbents business unit to the International Chemical Investors Group (ICIG). The closing of the transaction took place on August 31, 2024, following approval by the competition authorities. Superabsorbents are powdered polymers that are used as absorbent materials in diapers and other hygiene products. The division generated sales of €892 million in 2023 and has around 1,000 employees. It includes three locations in Germany and two in the United States.
The unit is the second of a total of three parts of the Performance Materials division that Evonik has put up for sale. Following the divestment of the Lülsdorf site and its associated businesses (also to ICIG) and the sale of the superabsorbent unit, the Performance Intermediates business line will remain. Here, Evonik is sounding out the market situation for a possible start of the sales process.
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