Panacol-Elosol

What Panacol-Elosol does

Panacol-Elosol GmbH is a German specialty chemical manufacturer founded in 1978 and headquartered in Steinbach, Germany. The company develops and produces high-tech industrial adhesives and matched UV/LED-UV curing systems for precision manufacturing sectors including electronics, automotive and e-mobility, medical devices, aerospace, and optics. It currently operates as the Adhesive Systems business unit of publicly listed Hoenle AG, having been acquired and rebranded as Hoenle Adhesive Systems. Its chemistry portfolio spans UV-curing adhesives (Vitralit), cyanoacrylate instant adhesives (Cyanolit), electrically conductive adhesives (Elecolit), structural adhesives (Penloc, Structalit), and acrylate and epoxy formulations, complemented by coordinated UV and LED-UV curing hardware (bluepoint LED and bluepoint LED eco), UV curing chambers, and process monitoring tools (UV Scan MACS, UV Meter, UV Cell 5S).

The business model is built on one-time sale of adhesive formulations and curing hardware to industrial B2B customers, with pricing conducted on a quote basis given the technical customization required for each manufacturing application. Revenue is generated through three streams: industrial adhesive sales, UV and LED-UV curing equipment sales, and customized bonding solutions developed through the company's application laboratory. The go-to-market motion is enterprise field sales combining direct manufacturer engagement with a global network of authorized distribution partners and sales offices, supported by participation in major industrial trade shows such as Isgatec, The Assembly Show, SPIE Photonics West, MD&M West, and ABS Europe.

Panacol-Elosol's competitive positioning rests on proprietary UV adhesive chemistry — most notably the Black&Light dual-cure technology enabling bonding of light-blocking substrates, the Vitralit CIPG 60200 liquid gasket material for automotive e-mobility electronics, and a CMR-free medical adhesive line certified under current REACH/ECHA requirements — combined with matched curing equipment and process monitoring instrumentation. Strategic co-development partnerships with dosing equipment OEMs Scheugenpflug (wearable medical devices such as diabetes sensors) and bdtronic (syringe needle bonding) extend the offering into integrated, pre-validated bonding workcells. The company serves a horizontally diversified customer base with no publicly disclosed customer logos, operating with 101-250 employees as a privately held subsidiary of Hoenle AG.

Name

Panacol-Elosol

Legal name

Panacol-Elosol GmbH

Website

https://panacol.de

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

101–250 employees

Short description

Panacol-Elosol is a German specialty chemical manufacturer producing UV-curing industrial adhesives, conductive and structural adhesives, and matched LED-UV curing systems for electronics, automotive/e-mobility, medical device, aerospace, and optics manufacturers, operating as Hoenle AG's Adhesive Systems business unit.

Ownership category

akta.pro rank

Product category

Industrial Adhesives

NAICS

Adhesive Manufacturing (325520), Adhesive Manufacturing (32552)

SIC

Adhesives & Sealants (2891)

akta.pro primary industry

Adhesives (Structural & Assembly) (IMAEAGAH)

akta.pro secondary industry

Adhesives & Sealants Chemicals (IMAEABAA)

Keywords

• Industrial adhesives
• UV curing systems
• LED curing equipment
• Structural adhesives
• Medical device adhesives

Headquarters

HQ city

Steinbach

HQ country

Germany

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Industrial Adhesives Sales: Sale of high-tech industrial adhesives including UV, structural, and conductive formulations to manufacturing companies
2. UV Curing Equipment Sales: Sale of UV and UV-LED curing systems matched to adhesive products
3. Customized Solutions: Tailored adhesive and curing system solutions customized to specific customer manufacturing requirements

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Panacol-Elosol develops and manufactures high-tech industrial adhesives—including UV-curing, cyanoacrylate, electrically conductive, structural, epoxy, and acrylate-based formulations—together with matched UV and LED-UV curing equipment, curing chambers, and process monitoring systems. The portfolio serves precision bonding applications in electronics, automotive and e-mobility, medical devices, aerospace, and optics manufacturing. The company also offers customized, application-engineered adhesive-and-curing solutions supported by its application laboratory.

Product overview

Hoenle Adhesive Systems (formerly Panacol) offers a comprehensive portfolio of high-tech industrial adhesives and UV curing equipment. The product range includes UV adhesives (Vitralit®), cyanoacrylate instant adhesives (Cyanolit®), electrically conductive adhesives (Elecolit®), structural adhesives (Penloc®, Structalit®), and acrylate/epoxy-based formulations. These adhesive products are complemented by coordinated UV and LED-UV curing systems (bluepoint LED, bluepoint LED eco), process monitoring solutions (UV Scan MACS, UV Meter), and fluorescence control technology. The company provides complete bonding solutions combining adhesives with curing equipment and quality monitoring for electronics, automotive, medical technology, and other industrial applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Cyanolit®
• Elecolit®
• Penloc®
• Structalit®
• Vitralit®
• Vitralit® CIPG 60200
• CMR-free adhesives for medical applications
• bluepoint LED
• bluepoint LED eco
• Conventional UV curing devices
• LED-UV devices
• UV curing chambers
• UV Scan MACS
• UV Meter UV light measurement device for process monitoring.
• UV Cell 5S
• Bioindicators

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• ScheugenpflugcoreStrategic or Co-development PartnerCollaborative partnership for wearable medical device manufacturing solutions. Scheugenpflug provides precision dosing equipment while Hoenle Adhesive Systems contributes biokompatible adhesives and UV curing systems, creating an integrated bonding solution for patient monitoring devices like diabetes sensors.
• bdtroniccoreStrategic or Co-development PartnerSystem integration partnership for needle bonding applications. bdtronic provides dispensing equipment matched with Hoenle UV adhesives and LED-UV curing devices, creating complete automated bonding solutions for syringe needle assembly.

Recent moves6 records

Expansion highlights5 records

Direct peers

• Master Bond: Master Bond is a US-based specialty formulator of UV-curing, epoxy, silicone, and structural adhesives for medical, optical, aerospace, and electronics applications. Comparable specialty positioning with custom-formulated products serving similar high-value industrial niches.
• Dymax Corporation: Dymax is a leading US-based specialist in light-curing adhesives and UV/LED curing equipment, serving medical device, electronics, and automotive assembly. The most direct competitor to Panacol-Elosol, with very similar technology positioning around UV-curing chemistry plus matched curing systems.
• Intertronics: Intertronics is a UK-based specialist supplier of adhesives, UV/LED curing equipment, and dispensing technology, distributing and supporting several brands for medical and electronics assembly. Comparable focus on integrated adhesive-plus-curing solutions for industrial customers.
• DELO Industrial Adhesives: DELO is a German specialty adhesives manufacturer headquartered near Munich, offering UV-curing, light-curing, and structural adhesives for electronics, automotive, and medical devices. Closest geographic and product-line competitor to Panacol-Elosol within German industrial markets.
• Permabond Engineering Adhesives: Permabond is a UK-based specialty adhesives manufacturer offering cyanoacrylates, structural, UV-curing, and anaerobic adhesives for industrial assembly markets including medical devices and electronics. Closely comparable product breadth and similar customer profile.

Broad incumbents

• Henkel: Henkel is a global leader in industrial adhesives through its Adhesive Technologies division, offering UV-curable, structural, hot-melt, and pressure-sensitive products across electronics, automotive, packaging, and consumer. Larger incumbent with broader portfolio serving overlapping but wider customer set than Panacol-Elosol.
• Bostik (Arkema): Bostik, the adhesives division of Arkema, produces industrial adhesives including UV-curable, hot-melt, and PSA systems serving automotive, packaging, and electronics markets. A diversified incumbent competing across multiple adhesive chemistries including UV.
• 3M: 3M Industrial Adhesives & Tapes division serves automotive, electronics, and medical device assembly with structural, PSA, and specialty bonding products. A major diversified incumbent with overlapping capabilities in industrial bonding applications.
• H.B. Fuller: H.B. Fuller is a global industrial adhesives manufacturer with growing presence in UV-curable and reactive hot-melt chemistries serving hygiene, packaging, electronics, and automotive markets. Overlaps with Panacol-Elosol in industrial assembly but operates at significantly larger scale.

Emerging players

• Norland Products: Norland Products is a US-based specialty manufacturer of UV-curing adhesives and optical laminants, primarily serving electronics and optical assembly markets. Smaller niche player with overlapping focus on UV-curing chemistries for similar high-value industrial use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Panacol-Elosol