Evonik Industries has acquired the Silbyk polyurethane foam additives business from BYK-Chemie, Germany.
The acquisition includes BYK's business contacts and manufacturing expertise for Silbyk products.
Polyurethane foams are used as an insulation material in construction and foodstuff cold chains, and as an upholstery material in the furniture, mattress and automotive industries.
Financial details of the transaction were not disclosed.
