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Henkel Acquires Adhesives and Construction Materials Business from DESC
The Henkel Group acquired the entire adhesives and construction materials business of the DESC Group, Mexico City, effective Oct. 1. This business, which employs more than 900 people, generated total sales of 85.9 million euros in fiscal 2002. The brands, which are marketed almost exclusively in Mexico, include Resistol, Fester, Resikon and Simon. The product line includes contact, wood and construction adhesives, and waterproofing systems used primarily as weather protection. The product range also includes glue sticks and household adhesives. With this acquisition, the industrial adhesives sector of Henkel Technologies will also strengthen its market positions in the woodworking, footwear and paper converting businesses.