Evonik Goldschmidt Corporation To Merge Into Evonik Corporation

PARSIPPANY, N.J., November 19, 2013

Evonik Goldschmidt Corporation, a leading provider of specialty surfactants to a variety of industries but with a major focus on the consumer goods market, will merge into parent company, Evonik Corporation, on January 1, 2014.

Following the merger, Evonik Goldschmidt Corporation will be fully incorporated into Evonik Corporation and no longer a separate legal entity.

“Evonik Corporation reflects the strong brand value and the excellent reputation of Evonik Industries,” said Dr. Reinhold Brand, president of Evonik Goldschmidt Corporation and senior vice president and general manager of Evonik's Consumer Specialties North American Business Unit. “The move will support our high-quality products as well as our commitment to providing our customers with superior and sustainable solutions. This change reflects the company's long-term strategy to advance its global image.”

Brand noted that the company will maintain its focus on providing product innovation and industry-leading expertise. “We want to take advantage of the well-respected Evonik brand, and will continue to focus on delivering innovative products and maximizing growth and value in the consumer care markets,“ he said.

Among Evonik Goldschmidt Corporation’s offerings are ingredients used to make everyday consumer products such as fabric softener, car care products, shampoo, hair conditioner and toothpaste as well as industrial chemical products for the agricultural, metal working, labeling and oil and gas industries.

Evonik Corporation is a specialty chemicals company that creates essential ingredients for many diverse products including rubber, coatings, adhesives, cosmetics, pharmaceuticals, and animal feed additives.

For additional information about Evonik in North America, please visit our website: www.evonik.com/north-america. Please visit us on Facebook at www.facebook.com/EvonikNorthAmerica. Follow us on Twitter at http://twitter.com/EvonikN_America.

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  • Company information

    Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms.

    Evonik is active in over 100 countries around the world. In fiscal 2012 more than 33,000 employees generated sales of around €13.4 billion and an operating profit (adjusted EBITDA) of about €2.4 billion (excluding Real Estate in both cases).

  • Disclaimer

    In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.