SABO S.p.A. agreed to acquire TAA derivatives business from Evonik Industries AG (XTRA:EVK) on October 21, 2022. On the sales price, no details are disclosed. The transaction is subject to approval by the competent Evonik committees. Around 250 employees to transfer to new owner. Around 250 people are working at the two production sites in Marl, Germany, and Liaoyang, China. The closing is expected to be in early 2023.

SABO S.p.A. completed the acquisition of TAA derivatives business from Evonik Industries AG (XTRA:EVK) on December 29, 2022.