German personal care giant Henkel has announced it has finalised the acquisitions of Darex Packaging Technologies and Sonderhoff Group.
The move is said to complete its adhesive-technology portfolio due to the company’s market share and growth potential.
Hans Van Bylen, Henkel CEO, said, “Strengthening our portfolio through targeted acquisitions is part of our strategy.
“Closing both transactions will allow us to expand the position of our adhesive-technologies business as a global market and technology leader.”
While US-based Darex supplies sealants and coatings, Germany-based Sonderhoff manufactures sealing solutions and dosing equipment.
Jan-Dirk Auris, Executive Vice-President of adhesive technologies at Henkel said, “The Darex and Sonderhoff Group businesses will complement our existing technology portfolio in an excellent way.
“Both companies serve attractive markets with substantial growth opportunities, and both businesses provide customer-specific, high-impact solutions with outstanding technical expertise.”a