# Evonik acquires Porocel Group for $210M

Evonik acquired the Porocel Group in the USA for $210 million to expand its catalyst business. Porocel specializes in high-efficiency regeneration of desulfurization catalysts.

- Type: Acquisition
- Announced: 2020-09-03
- Where: United States
- Value: $210.0M
- Status: announced
- Products: catalysts, desulfurization catalysts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Evonik](https://endata.com/companies/15139.md) (acquirer)
- [Porocel Corporation](https://endata.com/companies/49484.md) (target)

## Sources

- [aktiencheck.de](https://aktiencheck.de/news/Artikel-Evonik_Turbo_Bull_Uebernahme_USA_Optionsscheinenews-11836157), 2020-09-03: "Der Spezialchemiekonzern Evonik baut mit einer Übernahme in den USA sein Geschäft mit Katalysatoren aus."

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