Evonik Degussa Corp. changes name to Evonik Corp., also merges Evonik Stockhausen LLC under new name, effective Jan. 1
PARSIPPANY, New Jersey
January 9, 2013
– Evonik Degussa Corporation has changed its name to Evonik Corporation, effective January 1, 2013. In addition, Evonik Stockhausen LLC has merged into Evonik Corporation.
"Simplifying our name to Evonik Corporation formalizes a shift in corporate strategy,” said Tom Bates, president of Evonik Corporation. “We believe merging Evonik Stockhausen into Evonik Corporation reflects the global brand image of our business and strengthens our ability to communicate the benefits of our high quality products and our commitment to provide our customers with superior and sustainable solutions."
Following the merger, Evonik Stockhausen LLC – a leading provider of skin care products and superabsorbent polymers – is no longer a legal entity and is fully incorporated into Evonik Corporation.
"With our continued focus on delivering innovative products, and maximizing growth and value in the consumer care markets, it is imperative we strengthen the Evonik brand,” said Reinhold Brand, head of Consumer Specialties in North America. “These changes emphasize the Evonik brand and reflect the company's long-term strategy to advance its global image.”
The Stoko® brand, services to customers, and operations will not be affected.
Evonik is a specialty chemical company that creates essential ingredients for every day life. The company's products are included in such items as toothpaste, shower gel and shampoo. Evonik's silanes are essential raw materials in the electronics and telecommunications industries, while the company’s silica and silane components are blended into rubber to make environmentally-friendly tires. Other products include fumed silicas used for coatings, adhesives and in the manufacture of cosmetics, pharmaceuticals, defoamers, pesticides, inks and batteries. Evonik is also a leading manufacturer of amino acids, having produced over one million tons of the animal feed additive Biolys® since 2000.
For additional information about Evonik in North America, please visit our website: www.evonik.com/north-america. Please visit us on Facebook at www.facebook.com/EvonikNorthAmerica. Follow us on Twitter @EvonikN_America.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Evonik benefits specifically from its innovative prowess and integrated technology platforms.
Evonik is active in over 100 countries around the world. In fiscal 2011 more than 33,000 employees generated sales of around €14.5 billion and an operating profit (adjusted EBITDA) of about €2.8 billion.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.