DARMSTADT, Germany—Evonik A.G., a specialty chemicals company, is merging its specialty methacrylate monomers with its oil additives business to create a new oil additives business line.
"The integration just made sense since oil additives is the specialist for Polyalkylmethacrylate-based additives for the lubricant industry," Matin Trocha, head of the application monomers product line said in a statement.
Trocha went on note that the combined businesses have a substantially larger specialty monomer production set-up, with capabilities that mesh well.
The combination also will increase Evonik's ability to offer new and customized solutions.
Application monomers formerly were part of Evonik's methacrylate business, which is being sold to U.S.-based private equity company Advent International. The integration, currently underway, is being executed in parallel to the sale of Evonik's methacrylate business.
The international headquarters and research centers for the new oil additives business line are in Darmstadt. Technical centers are located in Shanghai; Singapore; Tsukuba, Japan; and Horsham, Pa. The joint business uses production facilities in Mobile, Ala.; Houston; Lauterbourg, France; Shanghai; Singapore; and Morrisburg, Ontario; as well as Darmstadt, Worms and Weiterstadt, Germany.
The specialty methacrylate monomers business and oil additives business have similar business models that will allow broader production capabilities, said Doris Schmidt, head of the oil additives business line.