Evonik finalizes acquisition of hanse chemie Group

16-May-2011 - Germany

Evonik Industries concluded the transaction to purchase the hanse chemie Group (comprising hanse chemie AG and nanoresins AG) on May 12, 2011. This 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, 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 therefore complements perfectly other activities at Evonik Industries that address the megatrends of resource efficiency and the globalization of technology.

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