07.07.17
With the successful closing of the acquisitions of the global Darex Packaging Technologies business and the Sonderhoff Group, Henkel strengthens its Adhesive Technologies business and complements its technology portfolio.
Darex is based in Cambridge, MA, and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans. The acquisition was announced at the beginning of March. The purchase price amounted to $1,050 million US dollars on a cash and debt free basis.
The Sonderhoff Group, headquartered in Cologne, Germany, is a leading manufacturer of foamed-in-place gasketing solutions and has broad expertise in developing and manufacturing customized dosing equipment. The acquisition of Sonderhoff was announced in May. Both parties agreed to not disclose financial details of the transaction.
“Strengthening our portfolio through targeted acquisitions is part of our strategy. Closing both transactions will allow us to expand the position of our Adhesive Technologies business as a global market and technology leader,” said Henkel CEO Hans Van Bylen.
In fiscal 2016, Darex Packaging Technologies generated sales of $309. Darex has about 700 employees and 20 sites in 19 countries.
The Sonderhoff Group generated sales of nearly €60 million in 2016. The company employs approximately 280 people worldwide. Sonderhoff is headquartered in Germany and has subsidiaries in Austria, Italy, the US and China.
In fiscal 2016, Henkel’s Adhesive Technologies business unit generated sales of around €9 billion, making Henkel the leading solution provider for adhesives, sealants and functional coatings.
Darex is based in Cambridge, MA, and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans. The acquisition was announced at the beginning of March. The purchase price amounted to $1,050 million US dollars on a cash and debt free basis.
The Sonderhoff Group, headquartered in Cologne, Germany, is a leading manufacturer of foamed-in-place gasketing solutions and has broad expertise in developing and manufacturing customized dosing equipment. The acquisition of Sonderhoff was announced in May. Both parties agreed to not disclose financial details of the transaction.
“Strengthening our portfolio through targeted acquisitions is part of our strategy. Closing both transactions will allow us to expand the position of our Adhesive Technologies business as a global market and technology leader,” said Henkel CEO Hans Van Bylen.
In fiscal 2016, Darex Packaging Technologies generated sales of $309. Darex has about 700 employees and 20 sites in 19 countries.
The Sonderhoff Group generated sales of nearly €60 million in 2016. The company employs approximately 280 people worldwide. Sonderhoff is headquartered in Germany and has subsidiaries in Austria, Italy, the US and China.
In fiscal 2016, Henkel’s Adhesive Technologies business unit generated sales of around €9 billion, making Henkel the leading solution provider for adhesives, sealants and functional coatings.