Evonik appoints Palmer Holland as distributor

HORSHAM, PA, USA – Evonik’s Business Line Lubricant Additives, a world leader in lubricant additive technology, has appointed Palmer Holland to represent its high performance VISCOPLEX® additives, VISCOBASE®, and TEGO® Lubricant Defoamers for the Eastern half of the U.S.

The appointment was effective on February 1st 2011. As a representation of its strong commitment to the lubricants market, Evonik has decided to broaden its channel to market to enhance services and logistics to selected customers.

Palmer Holland is a privately held distribution company founded in 1925. Their positioning in the lubricants market and portfolio of principals makes them a valuable partner for Evonik as they pursue their goal of generating growth in the lubricants market. In addition, Palmer Holland has been a long-term supplier of products for other business lines of Evonik, and has been recognized as a strong partner serving the existing customer base as well as developing potential customers.

“Palmer Holland is a highly technical group with strong ties to the lubricants market and a high degree of professionalism. My experiences in working with them were always positive and professional” says Carlos Gonzalez, Business Line Lubricant Additives Distribution Manager. “I look forward to working with them to drive growth for Evonik”.

About Evonik’s Business Line Lubricant Additives

Evonik’s Business Line Lubricant Additives (Evonik RohMax) is a leading global supplier of high performance VISCOPLEX® lubricant additives and VISCOBASE® synthetic base fluids for use in automotive and industrial lubricants. It also produces dewaxing aids used in refinery processing and cold flow improvers for biodiesel and forms part of the chemicals business area of Evonik Industries. Its North American business is headquartered in Horsham, PA, USA, and is a leading provider of oil additives particularly Pour Point Depressants and Viscosity Index Modifiers for all segments of the lubricant market. With research and development facilities in Pennsylvania, USA, Germany, Singapore, China, and manufacturing locations around the world, the company leverages a vast international network to develop the most technologically advanced products. Lubricant Additives is a business line of Evonik’s Coatings & Additives Business Unit. For more information, please visit www.rohmax.com.

About Evonik

Evonik Industries is the creative industrial group from Germany. In our core business of specialty chemicals, we are a global leader. In addition Evonik is an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our company’s performance is shaped by creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2009, about 39,000 employees generated sales of about €13.1 billion and an operating profit (EBITDA) of about € 2 billion.

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