# Evonik to acquire 3M's high-concentrates additive compounding business

Evonik agreed to acquire 3M's high-concentrates additive compounding business, including the Accurel brand portfolio and the Obernburg production facility with about 25 jobs. The transaction is expected to close in Q1 2018.

- Type: Acquisition
- Announced: 2017-11-28
- Where: Obernburg, Bavaria, Germany
- Jobs: 25
- Status: announced
- Products: high-concentrate additive compounds, solid additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [3M](https://endata.com/companies/3594.md) (target)
- [Evonik](https://endata.com/companies/15139.md) (acquirer)

## Sources

- [publications.evonik.com](https://publications.evonik.com/en/media/press-releases/nutrition-and-care/evonik-to-acquire-high-concentrates-additive-compounding-business-from-3m-105259.html), 2017-11-28: "We are gaining an excellent platform for the development of innovative solutions, and will be able to significantly expand our product portfolio with this acquisition."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/evonik-acquires-high-concentrates-additive-compounding-business-from-3m/), 2017-12-05: "We are gaining an excellent platform for the development of innovative solutions, and will be able to significantly expand our product portfolio with this acquisition."
- [doi.org](https://doi.org/10.1016/s0306-3747(18)30024-1), 2018-01-01: "The acquisition adds solid additives to Evonik's portfolio, enhancing its existing position in speciality additives for plastics, the company says."

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