News from Notch Consulting, Inc.

January 25, 2011

Evonik Industries short lists potential buyers

Filed under: Carbon Black — Notch @ 1:17 pm

According to Dow Jones Newswires, Evonik Industries has short listed around half a dozen bidders to move to the second round of the auction of its carbon black business.

Buyout firms through to the second round are likely to include Advent International, Triton Partners and Rhone Capital, the people said. Likely strategic buyers include Phillips Carbon Black Ltd., part of Indian conglomerate RPG Group, U.S. Columbian Chemicals, which is owned by Equity One Partners and India’s Aditya Birla Group which is currently in talks to Buy Columbian Chemicals. U.S. Cabot Corp (CBT) which competes in the sector may also be interested.

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