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Henkel Announces Sale of Duck, Painter's Mate Green and Easy Liner Brands to Shurtape Technologies (6/2/09)

June 2, 2009
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Henkel Corp. has announced the sale of its business conducted under the Duck®, Painter’s Mate Green® and Easy Liner® brands in the U.S. and Canada to Shurtape Technologies, LLC or one of Shurtape’s affiliates. Shurtape is based in Hickory, NC, and has been a long-term supplier to Henkel. The brands sold are the do-it-yourself (DIY) line of tapes, office and houseware products, including Duck brand duct tape and stationery, mailing and shipping, and kitchen and bath products. Included in the sale are certain worldwide rights to these brands, as well as Henkel’s Avon, OH, facility.

“This sale fits our strategic direction, which is to focus on our core adhesives businesses,” said Julian Colquitt, president of Henkel Adhesive Technologies, North America. “We’re proud of the achievements of these brands and the dedicated employees who have worked hard to make them successful.”

“This transaction is a logical step in formalizing a 40-year relationship with Henkel Corp,” said Jim Shuford, president & CEO, Shurtape Technologies LLC. “The combination of Henkel’s strong consumer brands with Shurtape’s professional brands and manufacturing base will drive innovation and value for our retail partners.”

Henkel’s Avon location, which markets and distributes the Duck, Painter’s Mate Green and Easy Liner brands, includes a staff of 350 employees.

Henkel’s Pritt®, Loctite®, LePage®, Pro-Series®, PL®, and Polyseamseal® brands and the corresponding construction adhesives, sealants, and general adhesives businesses are not part of this sale.

For more information, visit www.henkelna.com.

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