Acquisition of JM Huber's silica business is great fit for Evonik - Bernstein

摘要

LONDON (ICIS)--Germany-based specialty chemicals major Evonik’s acquisition of JM Huber’s silica business is a great fit for all involved, said research analysts Bernstein on Wednesday. The deal, which will cost Evonik in the region of $630m, means silica is its second- biggest earnings contributor, slightly behind methionine. “The shift in portfolio and resilience of silica’s growth and margins will further de-risk Evonik’s equity story,” said Bernstein.