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Evonik carbon black business to change name to Orion Engineered Carbons

Effective August 1, 2011, it is expected that the divestiture of the carbon black business from Evonik Corporation will be complete. Announced earlier this year, Evonik divested itself of the Carbon Black Business Unit and sold it to affiliates of Rhone Capital and Triton. The new company will be known as Orion Engineered Carbons. All of the silica-based products (Aerosil, Aeroxide, Acematt, Sipernat) will continue to be manufactured and sold by Evonik Inorganic Materials.

The company does not expect any interruption in the supply of carbon blacks or in customer relationships with the sales, marketing and technical personnel involved with the carbon blacks as a result of this divestiture. Likewise, there will be no changes in manufacturing sites, methods or equipment associated with this announcement. It is strictly a change in ownership.

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