Evonik acquires the hanse chemie Group

01-Apr-2011 - Germany

Evonik Industries closed a purchase agreement to acquire the hanse chemie Group. By acquiring the Group, which includes hanse chemie AG and nanoresins AG, Evonik
will be able to enter 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.

"Acquiring the hanse chemie Group is a great way to add siliconebased products to our current activities. Our objective is to enter the market for specialty silicone materials. This move is one more step in systematically aligning our company to specialty chemicals
and customer-oriented solutions,” said Patrik Wohlhauser, Chairman of the Board of Management of Evonik Degussa GmbH and, from April1, 2011, member of the Executive Board of Evonik Industries responsible for the Consumer, Health and Nutrition
segment, at the signing of the contract.

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