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Markets News

Evonik says preparing diaper materials business for potential sale

DUESSELDORF, Germany, Sept 22 (Reuters) - German chemicals maker Evonik on Tuesday said it would prepare its superabsorber business, which makes materials for diapers and hygiene products, for a possible sale in about six to nine months.

After an organisational carve-out, Evonik would put the business up for sale, seek a partner or restructure it further, a spokesman told Reuters.

The division competes with BASF, Nippon Shokubai , Sanyo Chemical and LG Chem. (Reporting by Matthias Inverardi Writing by Ludwig Burger Editing by Michelle Adair)

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