ESSEN, Germany - Evonik Industries has completed the purchase of the hanse chemie Group (comprising hanse chemie AG and nanoresins AG). The acquisition puts Evonik in a position to rapidly move into additional markets for specialty applications in silicone chemistry.
The hanse chemie Group, with a 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.
Hanse chemie Group’s products are used by end customers in such markets as the construction industry, automotive manufacturing, dental technology, and wind-power and photovoltaic plants. The greatest share of business will be incorporated into the Interface & Performance Business Line.
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 Purchase of hanse chemie Group
May 18, 2011