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Evonik said to be a potential suitor.
March 24, 2016
By: TOM BRANNA
Editor
Is the air out of chemical specialties' sales for Air Products? Industrial gas producer Air Products and Chemicals Inc is said to be in advanced talks to sell its performance materials operations to Evonik Industries AG. The business, which makes chemicals used in sun lotion and paint, could be valued at more than $3.5 billion, according to the source. Evonik has been on the lookout for larger acquisitions but has so far failed to clinch a deal that could bolster its growth and make...
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