Evonik acquires hydrogen peroxide facility in Canada
Germany-based Evonik Industries has acquired Kemira Chemicals' Canadian hydrogen peroxide business.
The acquisition includes a production plant in Maitland, Ontario, s well as Kemira's customer portfolio.
The deal will enable Evonik to expand its hydrogen peroxide capacities in North America by 44,000t a year.
Evonik Advanced Intermediates head Jan Van den Bergh said the transaction will support its growth strategy for hydrogen peroxide.
''Production operations in Maitland will serve primarily to provide supplies of hydrogen peroxide, an eco-friendly oxidation agent, to the North American cellulose and paper industry,'' Bergh said.
Evonik currently has hydrogen peroxide production sites in Alberta, Canada, and Alabama, US.