# Evonik acquires JM Huber silica business for $630 million

Evonik Industries AG acquired the silica business of J.M. Huber for $630 million, expanding its position in North America and Asia in the silica market.

- Type: Acquisition
- Announced: 2016-12-12
- Where: United States
- Value: $630.0M
- Status: announced
- Products: silica
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Evonik Industries](https://endata.com/companies/5809.md) (acquirer)
- [J.M. Huber](https://endata.com/companies/11982.md) (target)

## Sources

- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/evonik-acquires-jm-huber-silica-business/), 2016-12-12: "Huber Silica will significantly strengthen our growth segment Resource Efficiency."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.