# TER Chemicals acquires Evonik's modified Fischer-Tropsch Wax business

TER Chemicals acquired the modified Fischer-Tropsch Wax business from Evonik, effective June 30, 2024. The portfolio includes VESTOWAX brand waxes used in coatings, adhesives, and plastics.

- Type: Acquisition
- Announced: 2024-07-22
- Where: Germany
- Status: completed
- Products: modified Fischer-Tropsch waxes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Evonik](https://endata.com/companies/15139.md) (target)
- [TER Chemicals](https://endata.com/companies/38662.md) (acquirer)

## Sources

- [terchemicals.com](https://www.terchemicals.com/en/news/detail/ter-goes-vestowax), 2024-07-22: "The modified Fischer-Tropsch Waxes are a complementary addition to our wide product portfolio for the coatings, adhesives, plastics- and other industries"
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/ter-chemicals-acquires-modified-fischer-tropsch-wax-business-from-evonik/), 2024-08-13: "TER Chemicals has announced its acquisition of the modified Fischer-Tropsch Wax business from Evonik."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=11), 2024-11-06: "The acquisition adds to TER Chemicals' extensive portfolio of products for the coatings, adhesives, plastics, and other industries"

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