Evonik Industries AG

M&A Activity • May 6, 2016

News Details

Ad-hoc | 6 May 2016 13:25

Evonik Industries AG acquires the Performance Materials division from Air Products and Chemicals, Inc.

Evonik Industries AG / Key word(s): Mergers & Acquisitions

06.05.2016 13:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Evonik Industries AG acquires the Performance Materials division from Air
Products and Chemicals, Inc.

Essen, 6 May 2016 - Evonik Industries AG and Air Products and Chemicals,
Inc., Allentown, Pennsylvania, USA, have agreed on Evonik Industries AG's
acquisition of the Performance Materials division of Air Products and
Chemicals, Inc. Such division comprises the Specialty and Coating Additives
business of Air Products and Chemicals, Inc. The agreements which were
concluded today for this purpose by Evonik Industries AG with the approval
of Evonik Industries AG's Executive Board and Supervisory Board provide for
a purchase price of 3.8 billion US dollars before synergies and tax
benefits for Evonik Industries AG's acquisition of the Performance
Materials division from Air Products and Chemicals, Inc. The deal is
expected to generate annual synergies of 80 million US dollars and tax
benefits amount to a net present value of more than 500 million US dollars
for Evonik. With this transaction, Evonik strengthens its position in the
growth segment for specialty and coating additives. The product and
customer portfolios are complementary. With the current acquisition, Evonik
is expanding its standing in North America. The implementation of the
transaction is still subject to clearance by the competent competition
authorities and other customary closing conditions. The transaction is
intended to be completed by the end of this year.

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Language: English
Company: Evonik Industries AG
Rellinghauser Straße 1-11
45128 Essen
Germany
Phone: +49 (0) 201 177-01
Fax: +49 (0) 201 177-3475
E-mail: investor-relations@evonik.com
Internet: www.evonik.com
ISIN: DE000EVNK013, XS0911405784
WKN: EVNK01, A1TM7T
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Hanover, Munich,
Stuttgart; Terminbörse EUREX; Luxemburg

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