United Initiators (UI) is pleased to announce the acquisition of the Hydrogen Peroxide (H2O2) plant from Evonik Industries in Prince George, British Columbia, Canada.
Evonik Industries and PeroxyChem obtained merger control approval in North America for Evonik’s acquisition of Peroxychem on January 24, 2020. The agreement to divest the Canadian H2O2 plant to United Initiators will address the Canadian Competition Bureau and US Federal Trade Commission’s competition concerns in the H2O2 markets in the Pacific Northwest if Evonik acquired Peroxychem.
For UI, acquiring the Canadian H2O2 plant provides a great opportunity to position itself in the Pacific Northwest in general and Canada in particular, with a strong position in this market for mainly Pulp & Paper and Mining applications. As with our acquisition of HP in Turkey, this enhances UI’s regional product portfolio and enables us to further develop value-enhancing downstream applications of H2O2.
We welcome our new colleagues in Prince George to the “United”-family and look forward to a long and prosperous cooperation.