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