German Panacol relocates to newly constructed facility
Vigorous growth has enabled Panacol-Elosol GmbH, Germany-based manufacturer of industrial and specialty adhesives, to build a larger facility for its corporate headquarters. With double the space for offices, laboratories and production, up to 100 employees can now work at the new site. It is located in Steinbach near Frankfurt/Main Germany, close to the company’s former location.
The new building offers Panacol employees a contemporary work environment with more than 6,000 m2 space. The laboratories for research & development, application engineering and quality management are equipped with state-of-the-art technology that increases in-house analytical and testing capabilities. A larger production area with additional new equipment has increased manufacturing capacity and efficiency. The new facilities can be expanded to support further growth in the coming years.
Panacol provides customer-focused assembly solutions based on innovative adhesive technology. This includes products for structural bonding, protective coating and encapsulation, electrical and thermal conduction, gasketing, and temporary masking. With subsidiaries in France, USA, China and Korea, Panacol provides global product supply and technical support.
Served markets include automotive, aerospace, optics, consumer and industrial electronics, luxury packaging, appliance, and medical device assembly. Customised adhesive solutions are developed and manufactured at the Panacol sites in Steinbach Germany and in the United States.
Panacol-Elosol GmbH is the parent company of Panacol-USA. It was founded in 1978 as a German subsidiary of the Swiss Panacol AG in Frankfurt. In 2008, Panacol was acquired by Munich-based Dr. Hönle AG, a leading global supplier of industrial UV equipment technology. As a member of the Hönle Group, Panacol is a knowledgeable and reliable provider of adhesives, coatings, and UV/LED curing equipment for OEM and contract manufacturers around the world.
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The new headquarter building of Panacol-Elosol near Frankfurt, Germany
Tangent Industries Inc. to become Panacol-USA Inc.
US adhesives and coatings manufacturer Tangent Industries Inc., based in Torrington, Connecticut and German based adhesives manufacturer Panacol-Elosol GmbH, are both part of the adhesives division within the Honle Group. The head of the Honle Group is the publicly listed company Dr. Hoenle AG. To better support the growth requirements of their global customers, and present a more unified product offering, Tangent Industries Inc. is changing its name to Panacol-USA Inc. effective October 1st, 2018. Moreover, Panacol-Elosol will gradually assume full ownership of the new Panacol-USA within a 5 year span. “With this decision we see synergies such as global marketing and to provide adhesive products under one brand to our worldwide acting customers”, explains Florian Eulenhöfer, Managing Director of Panacol-Elosol GmbH.
Tangent Industries Inc. has been specializing in the development and production of UV curing acrylic adhesives and coatings since 1994. Panacol was the distributor for Tangent products outside the Americas since the very first day. The focus of Panacol-USA Inc. will remain on the development, production, and sales of innovate UV acrylic adhesives and coatings from its facility in Torrington. The organization’s management and team will remain intact.
Panacol-Elosol GmbH and Panacol-USA Inc., both members of the global Hoenle group, are leading suppliers of industrial adhesives, with a broad product range that includes UV curable adhesives and coatings, structural epoxies and conductive materials for electronics assembly. Panacol-USA Inc. is also a reliable provider of UV/LED processing systems in the Americas, designed and manufactured by Dr. Hoenle AG, a global technology leader of industrial UV curing devices and systems.
Panacol-USA Inc. in Torrington, Connecticut