Hydrogen Peroxide Evonik to Acquire Peroxy Chem Netherlands
To increase the specific growth in one of its core businesses Evonik Industries purchases the hydrogen peroxide producer Peroxy Chem Netherlands, located in Delfzijl.
Essen/Germany – Essen – Early in September Evonik Industries has signed a definitive agreement for acquisition of Peroxy Chem Netherlands, Delfzijl, from Peroxy Chem Holdings. Subject to pending approval by the cartel authorities responsible, the business with its site in the Netherlands, the 47 employees, and the customer portfolio will be transferred to Evonik at the closing of the sale. It is envisaged to close the transaction in the last quarter of 2015. The parties have agreed not to disclose the purchase price.
The business will increase Evonik’s hydrogen peroxide (H2O2) capacity in Europe. The Dutch site supplements the company’s existing production network of three sites in Antwerp (Belgium), Rheinfelden (Germany), and Weissenstein (Austria).
Evonik produces hydrogen peroxide and its derivatives for ecofriendly oxidation and disinfection in a wide range of applications. With an annual global capacity totaling more than 900,000 metric tons produced in twelve production plants, Evonik’s Resource Efficiency Segment is a leading supplier.
In the application and decomposition of hydrogen peroxide the only products released are oxygen and water; this means that H2O2 is among the most eco-friendly and versatile of chemical products. Typical application fields include chlorine-free bleaching of pulp and paper and of natural fibers for white textiles. In the areas of medicine, pharmaceuticals, cosmetics, and foods the product is used for sterilization as well as treatment of aseptic packaging materials. Hydrogen peroxide is also used in eco-friendly treatment of waste gases and wastewater as well as for disinfection