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March 18, 2008|
Goldschmidt Industrial Chemical Corp., McDonald, PA, formerly a subsidiary of Degussa AG, now Evonik, has announced a company name change to Reaxis Inc., effective March 10, 2008. Several senior level managers acquired the industrial chemicals division of Evonik in a management buy out, said the company in a release. Reaxis manufactures a range of catalysts that are used in the processing and production of products including polymers (resins), coatings, elastomers, adhesives and sealants and oleochemicals. The company also manufactures a line of chemicals used in a variety of surface finishing applications. Reaxis has renamed its TEGOKAT product line REAXIS.
Reaxis was founded in 1935 with the incorporation of Pitt
Metals. 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. As of December
2006, Reaxis became an independent company. 
www.reaxis.com
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