M&A Deal Summary

Evonik Industries Acquires Medpalett AS

On March 3, 2016, Evonik Industries acquired food company Medpalett AS

Acquisition Highlights
  • This is Evonik Industries’ 1st transaction in the Food sector.
  • This is Evonik Industries’ 1st transaction in Norway.

M&A Deal Summary

Date 2016-03-03
Target Medpalett AS
Sector Food
Buyer(s) Evonik Industries
Deal Type Add-on Acquisition

Target

Medpalett AS

Sandnes, Norway
MedPalett AS specializes in food ingredients containing anthocyanins. Anthocyanins are known for their natural antioxidant properties. Numerous international studies suggest broad health-promoting properties including the prevention of cardiovascular disease.

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Buyer(S) 1

Buyer

Evonik Industries

Essen, Germany

Category Company
Founded 1873
Sector Diversified
Employees31,273
Revenue 15.2B EUR (2024)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.


DEAL STATS #
Overall 8 of 12
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 9
Country: Norway M&A 1 of 1
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 Monarch Catalyst Pvt

Mumbai, India

Monarch Catalyst Pvt Ltd. manufactures catalysts and chemicals.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 Alkion Biopharma SAS

Evry, France

Alkion Biopharma SAS is a manufacturer of biotechnologically developed cosmetic active ingredients.

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