Adhesives & Sealants Headlines

HENKEL CLOSES ACQUISITION OF NATIONAL STARCH BUSINESSES

April 10, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

Henkel has taken over from Akzo Nobel the Adhesives and Electronic Materials businesses previously owned by National Starch. "This acquisition represents a milestone in our 130-plus-year corporate history and points Henkel clearly in the direction of further profitable growth," said Ulrich Lehner, chairman of the Management Board of Henkel KGaA. The acquisition was preceded by the carve-out of the businesses to be acquired by Henkel and requisite antitrust and anticompetitive investigations by the relevant authorities.

In 2007, these two business segments of National Starch generated sales of 1.25 billion GBP (about €1.83 billion). The purchase price was 2.7 billion GBP (about €3.7 billion). Following the integration, annualized sales of Henkel's Adhesives Technologies business sector will increase to about €7.5 billion. Henkel expects synergies from the acquisition of €240-260 million per year, and anticipates it will realize the full synergy potential by 2011.

"We will do everything in our power to integrate this excellent company with its outstanding employees and products quickly and smoothly," added Ulrich Lehner. Henkel will provide an update on the integration process in connection with the publication of Q1 figures on May 7, 2008.

For more information, visit www.henkelna.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px