- The sale of the Lülsdorf site was completed on June 30.
- The cyanuric chloride business in Wesseling was also transferred.
- Over 600 employees and all production facilities are included.
- Evonik began preparing for the sale in fall 2021.
Transaction Completion
The sale of the chemical site in Lülsdorf near Cologne to the International Chemical Investors Group (ICIG) was finalized on June 30. This follows the announcement made in early April and the necessary approvals from antitrust authorities.
Included Assets
Along with the Lülsdorf site, the associated cyanuric chloride business in Wesseling has also been transferred to ICIG. The transaction includes over 600 employees and all production facilities, with extensive protective rights agreed for the employees.
Divestment Strategy
The businesses were part of Evonik’s Performance Materials Division. The sale marks the first step in Evonik’s plan to divest all three parts of this division. Preparations for the sale began in the fall of 2021, with the preferred solution being to sell the site as a whole to a new owner.
Future Plans
ICIG, an experienced chemical investor with expertise in site development, plans to further expand the Lülsdorf site and the acquired businesses. ICIG is already active in the chlorine chemicals and specialty chemicals industries through its subsidiaries.
