30 March 2011 11:54 [Source: ICIS news]
LONDON (ICIS)--Evonik has agreed to buy the hanse chemie group, the Germany-based specialty chemical company said on Wednesday.
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Evonik said it has closed a purchase agreement to acquire the group and added that the sale is subject to the approval of corporate bodies.
Both parties declined to disclose the purchase price.
The hanse chemie group produces components and raw materials for the manufacture of sealants and adhesives, moulding and casting compounds.
Evonik said acquiring the group was a great way to add silicone-based products its current activities.
On Tuesday, Evonik announced plans to build a 60,000 tonne/year catalysts plant in
For more on Evonik visit ICIS company intelligence
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