Henkel Enters Bid to Acquire Darex Packaging Technologies Business
Henkel has reportedly submitted a binding offer for the business.
Henkel recently announced it has entered into exclusive negotiations with GCP Applied Technologies to acquire its global Darex Packaging Technologies business for $1.05 billion on a cash and debt free basis.
Henkel has reportedly submitted a binding offer for the business. Based in Cambridge, Mass., Darex supplies high-performance sealants and coatings for the metal packaging industry worldwide. In fiscal 2016, Darex Packaging Technologies reportedly generated sales of around $300 million. The company has about 700 employees and 20 sites in 19 countries.