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Issue 21, 2022 - Evonik intends to sell its TAA derivatives business to SABO

 Last Update: 2022-12-29
 Source: Internet
 Author: User

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Evonik intends to sell its TAA derivatives business to SABO

According to foreign media recently, Evonik plans to sell the triacetonatamine (TAA) derivatives business to Italian chemical company SABO, thereby continuing to promote product portfolio adjustments and focus more on specialty chemicals
.

It is understood that Italian chemical company SABO is one of the world's leading manufacturers of light stabilizers, TAA derivatives are the raw materials
for the production of light stabilizers.
The exact amount of the acquisition will not be disclosed
.
The transaction is subject to internal approval from Evonik and is expected to be formally closed in early 2023
.

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