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German buyout group to acquire unit.
September 28, 2009
By: TOM BRANNA
Editor
Evonik sell its specialty division Alzchem to Bluo, a German buyout group, subject to board and German government approval. A purchase price was not disclosed. The Alzchem unit markets a range of additives for cosmetics and food products. Evonik’s other personal care businesses will be unaffected by the sale.
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