ESSEN, Germany - Evonik Industries concluded its purchase of the hanse chemie Group (comprising hanse chemie AG and nanoresins AG) on May 12, 2011. The acquisition puts Evonik in a position to rapidly move into additional markets for specialty applications in silicone chemistry. The purchasing agreement was signed at the end of March, with both parties agreeing not to disclose the purchase price.
The hanse chemie Group, with its workforce of some 100 employees, is headquartered in Geesthacht near Hamburg, Germany, where it produces high-quality components and raw materials for the manufacture of sealants and adhesives, molding and casting compounds, and other products. The group complements other activities at Evonik Industries that address the megatrends of resource efficiency and the globalization of technology.
Hanse chemie Group’s products are used by end customers in such markets as the construction industry and automotive manufacturing, in dental technology, and in wind-power and photovoltaic plants. The greatest share of business will be incorporated into the Interface & Performance Business Line, whose activities surrounding the silicone specialties it produces are directed at a variety of industrial markets. In the future, activities in the paint and coatings industry, especially those concerning nanocomposites based on extremely fine-particled silicic acid, will be conducted by the Coating Additives Business Line.
Evonik Finalizes Acquisition of hanse chemie Group
August 12, 2011