ASTROMAN - Consulting, Executive Search

Henkel to further strengthen its Adhesive Technologies portfolio.
Photo courtesy of Henkel

Düsseldorf, Germany - March 2, 2017

• Henkel to further strengthen its Adhesive Technologies portfolio

• Acquisition would strengthen Henkel’s leading market position

• Combined businesses would have strong position in the attractive metal packaging market with high-impact solutions

• Opportunity to further expand businesses globally

Henkel has entered into exclusive negotiations with GCP Applied Technologies to acquire their global Darex Packaging Technologies business for 1,050 million US dollars (around 995 million euros) on a cash and debt free basis.

Henkel to further strengthen its Adhesive Technologies portfolio.
Photo courtesy of Henkel

Today Henkel has submitted a binding offer for the Darex Packaging Technologies business.

Darex is based in Cambridge, MA, USA and supplies high-performance sealants and coatings for the metal packaging industry around the world.

Courtesy of Henkel

It serves various global customers producing beverage, food or aerosol cans, ensuring with its solutions the highest quality standards for many best-known brands. In fiscal 2016, Darex Packaging Technologies generated sales of around 300 million US dollars (around 285 million euros).

Darex has about 700 employees and 20 sites in 19 countries.

Hans Van Bylen, Chairman of the Management Board at Henkel AG & Co. KGaA.
Photo courtesy of Henkel

“The intended transaction is in line with our strategy to strengthen our portfolio through targeted acquisitions and would reinforce the position of our Adhesive Technologies business as a global market and technology leader,” said Henkel CEO Hans Van Bylen.

Henkel to further strengthen its Adhesive Technologies portfolio.
Photo courtesy of Henkel

“We are excited about the opportunity to add the high-performance Darex business to our existing Adhesives Technologies portfolio. We are glad that we are now entering into exclusive negotiations about a possible acquisition. Darex’s experience in developing innovative, high-performance sealants and coatings will underpin our commitment to provide our global customers with best-in-class solutions. This business is the perfect fit for our existing portfolio serving the metal packing industry and would therefore strengthen our position in this highly attractive and non-cyclical business. We would be happy to welcome to Henkel such a successful and experienced strong team with long-standing business expertise,” said Jan-Dirk Auris, Executive Vice President Adhesive Technologies at Henkel.

Henkel to further strengthen its Adhesive Technologies portfolio.
Photo courtesy of Henkel

In connection with this binding offer, GCP will begin a consultation process with the relevant Works Councils and Labor Unions.

Upon completion of that process, it is intended to enter into a definitive purchase and sale agreement in respect of the proposed sale.

Henkel to further strengthen its Adhesive Technologies portfolio.
Photo courtesy of Henkel

The proposed transaction will also be subject to customary closing conditions, including regulatory approvals.

Henkel to further strengthen its Adhesive Technologies portfolio.
Photo courtesy of Henkel

In fiscal 2016, Henkel’s Adhesive Technologies business unit generated sales of around 9 billion euros, making Henkel the leading solution provider for adhesives, sealants and functional coatings.

Henkel to further strengthen its Adhesive Technologies portfolio.
Photo courtesy of Henkel

About GCP Applied Technologies

GCP Applied Technologies is a leading global provider of products and technology solutions for customers in the specialty construction chemicals, specialty building materials, and packaging sealants and coatings industries.

For more information, please visit www.gcpat.com .

About Darex Packaging Technologies

Darex Packaging Products is a leader in can sealants and is a leading supplier of can coatings and closure sealants for the food and beverage packaging industry, as well as personal care and industrial containers.

Darex developed the first can sealants to replace lead solder in 1921.

Today, Darex helps protect the products of many of the world's most recognized consumer brands.

Photo courtesy of Henkel

About Henkel

Henkel was founded in 1876.
People around the world trust Henkel’s innovations, brands and technologies.

In the fiscal year 2016, the company reported sales of approx. 18.7 billion euros and an operating profit of around 3.2 billion euros (adjusted for one-time gains/charges and restructuring charges).

The DAX-30 company has its headquarters in Düsseldorf, Germany.

Henkel Headquarters in Düsseldorf, Germany.
Photo courtesy of Henkel

Henkel employs more than 50,000 people worldwide, over 80 percent of whom work outside of Germany.

Henkel is thus one of the most international German companies.

Three globally operating business units

The Adhesive Technologies business unit is a leading solution provider for adhesives, sealants and functional coatings for consumers, craftsmen and industrial applications.
Henkel offers a multitude of applications to satisfy the needs of different target groups: consumers, craftsmen and industrial businesses.
In 2016, the business unit generated sales of 8,961 million euros, 48 percent of total company sales.

Products from the Beauty Care business unit are available worldwide.
Beauty Care stands for brand-name products in the fields of hair colorants, hair styling, hair care, toiletries, skin care and oral hygiene.
Beauty Care is one of the world’s leading suppliers of hair-salon products.
In 2016, the business unit generated sales of 3,838 million euros, 20 percent of total company sales.

Laundry & Home Care has always played an important role for Henkel: the company’s success story started with a product from this business unit.
The Laundry Care business includes heavy-duty and specialty detergents, fabric softeners, laundry-performance enhancers and other fabric-care products.
The Home Care portfolio includes hand- and automatic-dishwashing products, cleaners for bathroom and WC applications, and household, glass and specialty cleaners.
Air fresheners and insect control products for household application are offered in select regions.
In 2016, the Laundry & Home Care business unit generated sales of 5,795 million euros, 31 percent of total company sales.

Contact

Henkel AG & Co. KGaA
40191 Düsseldorf, Germany
Phone: +49(0) 211-797-0
www.henkel.com

Source: Henkel

http://www.henkel.com/

ASTROMAN Magazine - 2017.02.17

Asseco Group: Sapiens International to Acquire U.S.-based StoneRiver, Inc. for Approximately USD 102 million

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2194

ASTROMAN Magazine - 2016.11.05

GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank in Poland

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2149

ASTROMAN Magazine - 2016.10.25

HNA Group Makes Strategic Investment USD 6.5 Billion in Hilton Worldwide Holdings, reducing Blackstone's interest in Hilton

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2143

ASTROMAN Magazine - 2016.10.23

AT&T to Acquire Time Warner - a total equity value of USD 85.4 billion and a total transaction value of USD 108.7 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2142

ASTROMAN Magazine - 2016.10.08

Tech Data to Acquire Technology Solutions Business from Avnet for USD 2.6 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2133

ASTROMAN Magazine - 2016.07.28

Oracle Buys NetSuite for USD 9.3 Billion In Cash

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2095

ASTROMAN Magazine - 2016.07.25

Verizon to acquire Yahoo's operating business for USD 4.83 billion in cash

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2094

ASTROMAN Magazine - 2016.06.18

Samsung to Acquire Joyent, a Leading Public and Private Cloud Provider

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2077

ASTROMAN Magazine - 2016.06.13

Microsoft to acquire LinkedIn for USD 26.2 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2075

ASTROMAN Magazine - 2015.12.28

Intel Completes Acquisition of Altera

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2004

ASTROMAN Magazine - 2015.10.18

Michael S. Dell, MSD Partners and Silver Lake Lead Transaction to Combine Dell and EMC, Creating Premier End-to-End Technology Company for USD 67 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1982

ASTROMAN Magazine - 2015.08.16

Berkshire Hathaway Inc. To Acquire Precision Castparts Corp. For USD 37.2 Billion In Cash

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1949

ASTROMAN Magazine - 2015.07.11

IFS acquires VisionWaves to help customers accelerate strategy execution

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1937

ASTROMAN Magazine - 2015.05.29

TiVo Acquires Poland's Cubiware to Increase International Distribution

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1922

ASTROMAN Magazine - 2015.05.16

Verizon to Acquire AOL for USD 4.4 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1918

ASTROMAN Magazine - 2015.04.10

FedEx and TNT Express agree on recommended all-cash public offer for all TNT Express shares for EUR 4.4 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1902

ASTROMAN Magazine - 2015.02.28

Medtronic Acquires Advanced Uro-Solutions. Medtronic EVP & President Michael J. Coyle to Speak at Cowen Healthcare Conference

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1878

ASTROMAN Magazine - 2015.02.08

Telecoms group BT has paid GBP 12.5 billion to buy mobile operator EE

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1869

ASTROMAN Magazine - 2015.01.23

Microsoft to acquire Revolution Analytics

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1864

ASTROMAN Magazine - 2014.12.21

Philips to acquire Volcano to expand global leadership position in image-guided therapy market for USD 1.2 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1850

ASTROMAN Magazine - 2014.11.19

Halliburton And Baker Hughes Reach Agreement To Combine In Stock And Cash Transaction Valued At USD 34.6 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1832

ASTROMAN Magazine - 2014.11.10

Siemens to sell hearing aid business to EQT and Struengmann family for EUR 2.15 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1827

ASTROMAN Magazine - 2014.11.08

Raytheon acquires special operations and cybersecurity firm Blackbird Technologies for USD 420 million

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1822

ASTROMAN Magazine - 2014.10.12

ZF Friedrichshafen Agrees to Acquire TRW Automotive and Form Joint Venture with Chinese Automotive Manufacturer BAIC

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1808

ASTROMAN Magazine - 2014.08.26

Amazon.com to Acquire Twitch for $970 million in cash

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1782

ASTROMAN Magazine - 2014.08.16

Avago Agrees to Sell LSI's Axxia Networking Business and Related Assets to Intel for $650 Million

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1776

ASTROMAN Magazine - 2014.07.06

Qualcomm Acquires WiGig Industry Leader Wilocity and Bolsters Wi-Fi Leadership with 60 GHz Wireless for Mobile, Computing and Networking

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1748

ASTROMAN Magazine - 2014.06.20

Medtronic to Acquire Covidien for $42.9 billion in Cash and Stock

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1739

ASTROMAN Magazine - 2014.06.11

Skybox Imaging has entered into an agreement to be acquired by Google

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1729

ASTROMAN Magazine - 2014.06.09

Polish Company ORLEN acquires Birchill Exploration, new production assets in Canada, doubling its oil and gas reserves

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1728

ASTROMAN Magazine - 2014.06.06

Atos to acquire Bull to create a European global leader in Cloud, Cybersecurity, and Big Data

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1725

ASTROMAN Magazine - 2014.06.01

Apple to Acquire Beats Music & Beats Electronics for a total of $3 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1721

ASTROMAN Magazine - 2014.05.01

GE offers $16.9 Billion to acquire Alstom Thermal, Renewables, and Grid businesses

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1705

ASTROMAN Magazine – 2014.04.13

Vodafone acquires 100% of Vodafone India for GBP 1.0 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1695

ASTROMAN Magazine – 2014.03.28

Intel Corporation and Cloudera announced a broad strategic technology and business collaboration

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1685

ASTROMAN Magazine – 2014.03.26

Facebook to Acquire Oculus for $2 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1684

ASTROMAN Magazine – 2014.02.20

Facebook to Acquire WhatsApp for $19 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1658

ASTROMAN Magazine – 2014.02.02

Renault and Nissan launch projects to accelerate Alliance synergies

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1649

ASTROMAN Magazine – 2014.02.01

Larry Page, CEO, Google: Lenovo to acquire Motorola Mobility for $2.91 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1647

ASTROMAN Magazine – 2013.12.22

IBM to Acquire Aspera to Help Companies Speed Global Movement of Big Data

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1610