EDISON, N.J., Dec 13 (Bernama-BUSINESS WIRE) -- The J.M. Huber
Corporation announced today that it has signed a definitive agreement to
sell the Silica business unit of Huber Engineered Materials (HEM) to
Evonik Industries AG—a global specialty chemicals company.
The transaction will include HEM’s Silica facilities in North America, Europe and Asia. Until the transaction closes, Silica continues to operate as part of HEM. For 2016, Huber’s Silica business unit is expected to achieve revenue close to $300 million and an adjusted EBITDA of approximately $60 million.
http://mrem.bernama.com/viewsm.php?idm=28116
The transaction will include HEM’s Silica facilities in North America, Europe and Asia. Until the transaction closes, Silica continues to operate as part of HEM. For 2016, Huber’s Silica business unit is expected to achieve revenue close to $300 million and an adjusted EBITDA of approximately $60 million.
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