Evonik Industries has acquired the remaining 50 percent of shares in its former carbon black joint venture, Degussa Engineered Carbons (DEC), from ECI.

ESSEN, Germany - Evonik Industries has acquired the remaining 50 percent of shares in its former carbon black joint venture, Degussa Engineered Carbons (DEC), from ECI. DEC will now be a 100-percent-owned subsidiary of Evonik.

In 2002 Evonik and ECI formed the joint venture to combine their carbon black businesses in North America. DEC is headquartered in Parsippany, NJ, and produces and markets furnace-grade carbon blacks for the rubber and pigment industries in North America and thermal blacks worldwide.