Evonik to buy Birmingham-based Product Line

Lactel offers a variety of polymers. (Photo from LACTEL) Evonik has signed an agreement to buy Durect Corp.’s Lactel Absorbable Polymer line, which is based in Birmingham. Evonik will pay Durect $15 million, plus an additional potential payment based on a full-year’s EBITDAS (net income before income taxes, interest income, depreciation…

Thank you for reading!

To continue reading this article you must be registered and logged into this site. If you already have an account please login now, otherwise you can click here to register for new account. Registration is FREE.

Login       Register

The latest Alabama business news delivered to your inbox