11.11.2015 • News • Elaine Burridge • Honeywell • Merck

Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA

Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA
Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA

The European Commission has approved the sale of Sigma-Aldrich’s solvents and inorganics business in Europe to Honeywell, finally clearing the path for the US company’s acquisition by Germany’s Merck KGaA for $17 billion. The closing is now scheduled for Nov.18.

Honeywell is paying about €105 million for the assets, which will be integrated into its Fine Chemicals unit. Following completion of the takeover, first announced in September 2014, Sigma-Aldrich’s stock will be delisted from the US NASDAQ exchange.

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The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.