• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / News2 / Company News3 / Phillips Carbon Black withdraws from Evonik bidding

Phillips Carbon Black withdraws from Evonik bidding

Date: 7th March 2011 Author: Tyrepress Editors Comments: 0

The race to acquire Evonik Industries’ carbon black business has narrowed following the withdrawal of Phillips Carbon Black from the final round of the bidding process. Dow Jones Newswires reports the company failed to submit a bid before the final deadline, leaving three or four contenders in the running – Advent International, Triton Partners, Rhone Capital, and possibly Cabot Corp., are said to still be interested.

An unnamed source told Dow Jones Newswires that Evonik is seeking at least US$1 billion for its carbon black business. Divestment plans were first announced in September 2010 as part of the German company’s plan to focus on three global megatrends: resource efficiency, health & nutrition, and globalisation of technologies. At the time of announcing the divestment Evonik said its carbon blacks business ranks second in the world and has annual sales of around a billion euros.

Related news:

  1. Evonik Establishes Independent Carbon Black Company
  2. Cabot to Meet Tyre Makers' Needs with 20% Expansion in Indonesia
  3. Royalties from Cabot-Michelin agreement begin flowing
  4. Cabot plant celebrates 75 years
Comments

Leave a Reply Cancel reply

Connect with:
Facebook Google Twitter

Your email address will not be published. Required fields are marked *

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Advert Location 348

Related Tags

Cabot, carbon black, Company News, Evonik, USA

Advert Location 28

Top five articles this week

Advert Location 29

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Website suggests £2.68 million per day cost of UK potholes Starco confident of reaching growth targets
Scroll to top