Evonik faces FTC lawsuit to block PeroxyChem acquisition

Evonik's proposed acquisition of PeroxyChem for $625 million is being challenged by the Federal Trade Commission, which will file a lawsuit to block the deal. The acquisition was signed in late 2018 and expected to close by mid-2019.

“It is disappointing that the FTC has taken this step to block the acquisition in the highly competitive hydrogen peroxide industry.”adhesivesmag.com

• 1 source
• adhesivesmag.comEvonik Closes Sale of Methacrylates Business, Hits FTC Roadblock on PeroxyChem Acquisition | 2019-08-19 | Adhesives & Sealants IndustryBy: Karen ParkerAug 19, 2019

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