# Evonik sells Methacrylates business to Advent International for €3B

Evonik signed an agreement to sell its Methacrylates business to Advent International for €3 billion (enterprise value), including 18 production sites and 3,900 employees.

- Type: Acquisition
- Announced: 2019-03-04
- Where: Germany
- Value: $3.39B (3.00B EUR)
- Status: announced
- Products: methacrylates, acrylic products, CyPlus, methacrylate resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Evonik Industries](https://endata.com/companies/5809.md)
- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [Evonik Industries](https://endata.com/companies/5809.md) (target)
- [Evonik](https://endata.com/companies/15139.md) (target)

## Sources

- [plexiglas-polymers.com](https://www.plexiglas-polymers.com/en/detail/evonik-agrees-to-sell-its-methacrylates-business-to-advent-international-for-3-billion-), 2019-03-04: "Evonik has today signed an agreement to sell its Methacrylates business to Advent International for €3 billion."
- [reuters.com](https://www.reuters.com/article/world/europe/evonik-agrees-3-billion-euro-sale-of-acrylic-sheet-unit-to-advent-idUSKCN1QL1VR/), 2019-03-04: "German chemicals group Evonik has agreed the key terms of a 3 billion euro sale of its methacrylates plastics unit to buyout group Advent"
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Evonik-methacrylates-Advent-International/97/i10), 2019-03-08: "Evonik Industries has reached a deal to sell its methacrylate business to the private equity firm Advent International for $3.4 billion."

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