ESSEN, Germany - Evonik Industries has closed a purchase agreement to acquire the Hanse Chemie Group. By acquiring the group, which includes Hanse Chemie AG and Nanoresins AG, Evonik enters additional markets for specialty applications in silicone chemistry. Both parties agreed not to disclose the purchase price. The sale is still subject to the approval of the corporate bodies.

Based in Geesthacht, Germany, the Hanse Chemie Group produces high-quality components and raw materials for the manufacture of products such as sealants, adhesives, and molding and casting compounds. Hanse Chemie AG’s products are used in markets such as the construction industry, automotive manufacture and dental technology, as well as in photovoltaic systems. The silicate-based nanomaterials and other specialties produced by Nanoresins AG are used in scratch-resistant coatings, adhesives, fiber composites and embedding materials.