Evonik Industries AG, Essen (Germany) has successfully completed acquisition of Monarch Catalyst Pvt. Ltd., Dombivli (India) recently. An agreement to acquire Monarch Catalyst was announced in March 2015, subject to certain closing conditions. The company employs approximately 300 employees and will be renamed to Evonik Catalysts India Pvt. Ltd. All of Evonik’s future catalyst activities in India will be operated through the newly acquired company. The parties have agreed to keep the purchase price confidential.
Evonik with its Business Line Catalysts is a global leader in producing specialty catalysts, custom catalysts and catalysts components for the Life Sciences & Fine Chemicals, Industrial & Petrochemical and Polyolefines market segments. Monarch’s global activities in oils & fats hydrogenation catalysts range is a broadening of the Evonik catalysts portfolio. The activated base metal catalysts and precious metal catalysts portfolio strengthens Evonik’s positions in India and the Asia region. Monarch’s existing customer base will continued to be served through the established sales channels.
19-Jun-15 
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