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Evonik has fully acquired the former joint venture Thailand Peroxide Co., Ltd. (TPL) in Saraburi, Thailand, completing the acquisition on December 15, 2023.
Solvay acquired all shares of Thailand Peroxide Co., Ltd. (TPL) in Saraburi, Thailand, to fully own the joint venture and expand specialty-grade hydrogen peroxide and peracetic acid business in Asia-Pacific. The acquisition was completed on December 15, 2023.