Germany’s Henkel plans to acquire sealant company Darex for $1.05 billion

Sinochem News On March 2, Henkel of Germany announced that it planned to acquire Darex, a packaging technology company under the American GCP Application Technology Group, for US$1.05 billion, and has now officially submitted a bid.

Henkel has entered into exclusive negotiations with GCP and plans to acquire Darex in a cash-free and debt-free manner. Regarding the binding offer issued by Henkel, Grace will initiate a negotiation process with the relevant labor associations and trade unions. Upon completion of negotiations, Grace will enter into a clear acquisition agreement with Henkel regarding the proposed sale. In addition, the transaction is subject to customary closing conditions such as regulatory approvals.

Henkel stated that this transaction is in line with Henkel’s strategy of “complete target acquisitions and strengthen business groups”, and will also help consolidate the position of Henkel’s adhesive technology business as a global market.

Darex specializes in the production of high-performance sealants and coatings for metal packaging, with annual sales of approximately US$300 million and approximately 700 employees. It has 20 offices in 19 countries around the world and approximately 700 employees. name.