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Goldschmidt Industrial Chemical Changes Name to Reaxis Inc.

Published on 2008-03-18. Author : SpecialChem

Goldschmidt Industrial Chemical Corp., McDonald, PA, formerly a subsidiary of Degussa AG, now Evonik, recently announced a company name change. Effective March 10, 2008, the company will be Reaxis Inc. Several senior level managers acquired the industrial chemicals division of Evonik in a management buy-out.

Reaxis has a history dating back to 1935 with the incorporation of Pitt Metals. The company manufactured inorganic tin compounds in the 1970s. In 1993 the company became Goldschmidt Industrial Chemical Corp. with the sale of Pitt Metals to Th. Goldschmidt, AG, which was subsequently acquired by Evonik.

Reaxis manufactures an extensive range of catalysts that are used in the processing and production of a number of key products including polymers (resins), coatings, elastomers, adhesives and sealants, and oleochemicals. It also manufactures a line of chemicals used in a variety of surface finishing applications. Reaxis has renamed its TEGOKAT® product line REAXIS™.

Source: Goldschmidt Industrial Chemical Corp.

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