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Henkel Submits Offer to Acquire Darex Packaging Technologies

Posted By ASC, Wednesday, March 22, 2017

Henkel has entered into negotiations with GCP Applied Technologies to acquire their global Darex Packaging Technologies business for around EUR995 million.

 

"The intended transaction is in line with our strategy to strengthen our portfolio through targeted acquisitions and would reinforce the position of our Adhesive Technologies business as a global market and technology leader,” said Henkel CEO Hans Van Bylen

Darex is based in Cambridge, MA, USA and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans, ensuring with its solutions the highest quality standards for many best-known brands. In fiscal 2016, Darex Packaging Technologies generated sales of around 300 million US dollars (around 285 million EUR). Darex has about 700 employees and 20 sites in 19 countries.

"We are glad that we are now entering into exclusive negotiations about a possible acquisition. Darex’s experience in developing innovative, high-performance sealants and coatings will underpin our commitment to provide our global customers with best-in-class solutions. This business is the perfect fit for our existing portfolio serving the metal packing industry and would therefore strengthen our position in this highly attractive and non-cyclical business,” said Jan-Dirk Auris, Executive Vice President Adhesive Technologies at Henkel.

 

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