Consumer goods giant Henkel has announced that it has signed an agreement to acquire Sonderhoff Holding GmbH based in Cologne, Germany.
The company offers high-impact sealing solutions for industrial assembly, and Henkel believes that it is the perfect fit to its existing liquid sealing solutions in General Industry portfolio.
Through the acquisition, Henkel aims to further enhance its sealants competence. It believes that foam-based sealing solutions are used in a variety of industrial applications, protecting them against humidity and dust.
Henkel chief executive Hans Van Bylen said, “Targeted investments in complementary leading technologies are an integral part of our global strategy. With this acquisition, we will reinforce the position of our Adhesive Technologies business as a global market and technology leader.”
Technical Expertise
Executive Vice President Adhesive Technologies at Henkel, Jan-Dirk Auris, added, “The innovative systems from Sonderhoff with their strong technical expertise and their customized solutions and services perfectly complement our existing portfolio in an attractive market with substantial growth opportunities.”
“Sonderhoff’s engineering capabilities and their highly precise dosing equipment will enable us to offer our customers a comprehensive system solution benefiting even more from automation and digitalization in manufacturing.”
In the fiscal year 2016, Sonderhoff Holding GmbH generated sales of about 60 million euros.
At the beginning of March 2017, Henkel also made a ‘binding offer’ to acquire sealants firm Darex Packaging Technologies for $1.05 billion.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.
