Henkel Acquires Cytec PSA Product Line
Henkel recently announced it has acquired the high-performance pressure-sensitive adhesives (PSAs) product range from Cytec Industries Inc. Both companies signed the definitive agreement on May 11.
The acquisition reportedly strengthens Henkel’s position in the area of high-sensitive adhesives, as the acquired product range complements Henkel’s high-performance PSA business. In fiscal 2011, Cytec’s PSA product range generated sales of $94 million. The business includes about 80 employees.
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