© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Veritas Legal Advises Evonik Industries Acquisition of Monarch Catalyst
Posted 17th June 2015

Veritas Legal Advises Evonik Industries Acquisition of Monarch Catalyst

Veritas Legal Advises Evonik Industries Acquisition of Monarch Catalyst

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Veritas Legal Advises Evonik Industries Acquisition of Monarch Catalyst

Veritas Legal Advises Evonik Industries Acquisition of Monarch Catalyst

View Biography
Image

View Biography
Image

Legal Adviser to Evonik

Financial & Tax Due Diligence

Evonik Industries AG, Essen announces the successful completion of the acquisition of Monarch Catalyst Pvt. Ltd., Dombivli on June 5th, 2015. An agreement to acquire Monarch Catalyst had been announced in March 2015, subject to certain closing conditions.

The company employs approximately 300 employees and will be renamed to Evonik Catalysts India Pvt. Ltd. All of Evonik’s future catalyst activities in India will be operated through the newly acquired company. The parties have agreed to keep the purchase price confidential.

Evonik with its Business Line Catalysts is a global leader in producing specialty catalysts, custom catalysts and catalysts components for the Life Sciences & Fine Chemicals, Industrial & Petrochemical and Polyolefines market segments. Monarch’s global activities in oils & fats hydrogenation catalysts range is a broadening of the Evonik catalysts portfolio. The activated base metal catalysts and precious metal catalysts portfolio strengthens Evonik’s positions in India and the Asia region. Monarch’s existing customer base will continued to be served through the established sales channels.

Patrik Wohlhauser, Chief Operating Officer and member of Evonik’s Executive Board sees this acquisition as an excellent opportunity to strengthen the catalysts business in the growth region Asia. “The Catalysts Business Line belongs to the core businesses in Evonik’s Resource Efficiency Segment. With this acquisition we complement our competencies in innovation for products and technologies to make our customers’ processes and products more efficient,” comments Wohlhauser. “The timing of the acquisition fits also well with the changes in India, where the political leaders have put economic growth again on the top of the agenda to leverage the great growth potential the sub-continent of India has,” says Wohlhauser.

“With Monarch’s business in oils & fats hydrogenation catalysts we are one of the globally leading suppliers in this growing market Segment,” says Dr. Wilfried Eul. Head of Evonik’s Catalysts Business Line. “With the new production site in the vicinity of Mumbai we will be in an even better position to serve our customers in the Life Sciences & Fine Chemicals Market Segment in India and the growth region Asia”, explains Eul. Evonik’s catalysts production network consists of 3 sites in Germany (Hanau, Marl Rheinfelden), Calvert City (Kentucky/USA), Americana (Brasil), Tsukuba (Japan), Shanghai (China) and an additional tolling site for precious metal catalysts in India.

Categories: Legal, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Financial Steps to Building a House
News
13/08/2021Financial Steps to Building a House

Building a home lets you personalize every aspect of where you live. You might also skip the renovations and repairs needed after purchasing an existing property, but the financial aspects of the planning and construction are less straightforward than buying a

Read Full PostRead - Eye Icon
Navigating the Personalization Trend: Incorporating Customized Visual Content into Your Corporate Identity
News
04/03/2024Navigating the Personalization Trend: Incorporating Customized Visual Content into Your Corporate Identity

Why settle for off-the-shelf when the game has changed? Customized visual content isn’t just a trend; it’s a cornerstone of corporate identity in today’s competitive landscape. It weaves the unique narrative of your brand and acts as a beacon

Read Full PostRead - Eye Icon
Six Important Tips to Build Local Awareness for Your Brand
News
04/09/2023Six Important Tips to Build Local Awareness for Your Brand

Business branding is not a new concept for local businesses. Every business wants to enhance the overall perception of their brand, product, or service. However, it can be a hard endeavor to achieve when you have so much competition around you. In such circums

Read Full PostRead - Eye Icon
Respect and Compassion
Leadership
20/10/2017Respect and Compassion

Respect and Compassion

Read Full PostRead - Eye Icon
Bringing Breakthrough Advance to the Modelling and Simulation Community
Innovation
13/08/2019Bringing Breakthrough Advance to the Modelling and Simulation Community

Lixoft develops modelling and simulation software for advanced model-based drug development. Recently, we caught up with the firm’s CEO, Jonathan Chauvin who provided us with a detailed behind the scenes look into the innerworkings of the award-winning compa

Read Full PostRead - Eye Icon
Taylor Wessing Advises THMMS’s Acquisition of EliteMedianet
Legal
13/08/2015Taylor Wessing Advises THMMS’s Acquisition of EliteMedianet

Taylor Wessing Advises THMMS's Acquisition of EliteMedianet

Read Full PostRead - Eye Icon
What You Need to Know About Microsoft 365 Copilot, the Ultimate AI Assistant
Innovation
25/01/2024What You Need to Know About Microsoft 365 Copilot, the Ultimate AI Assistant

Microsoft 365 Copilot is the new AI powered solution from Microsoft, and it looks set to revolutionise the way we work. Microsoft have this week announced they are removing the 300-seat purchase minimum for commercial plans and making Microsoft 365 Copilot ava

Read Full PostRead - Eye Icon
Mountain Capital Acquires Zep
M&A
15/04/2015Mountain Capital Acquires Zep

Zep Inc. Enters into Definitive Agreement to Be Acquired by New Mountain Capital

Read Full PostRead - Eye Icon
Defined by True Innovation
Innovation
02/05/2019Defined by True Innovation

Pio-Tech is a business solutions provider that has become, over the last sixteen years, defined by an innovation-first approach that champions digitisation and futurism.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow