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Henkel Plans to Acquire Darex Packaging Technologies for USD 1,050 Million

Published on 2017-03-03. Author : SpecialChem

Henkel has entered into exclusive negotiations with GCP Applied Technologies to acquire their global Darex Packaging Technologies business for 1,050 million US dollars (around 995 million euros) on a cash and debt free basis. Henkel has submitted a binding offer for the Darex Packaging Technologies business.

Acquisition to Strengthen Henkel’s Market Position

Sealants Henkel
Darex - a developer of sealants

Darex Packaging Technologies


  • 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 euros). Darex has about 700 employees and 20 sites in 19 countries

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.

We are excited about the opportunity to add the high-performance Darex business to our existing Adhesives Technologies portfolio. 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. We would be happy to welcome to Henkel such a successful and experienced strong team with long-standing business expertise,” said Jan-Dirk Auris, Executive Vice President Adhesive Technologies at Henkel.

Consultation Process


In connection with this binding offer, GCP will begin a consultation process with the relevant Works Councils and Labor Unions. Upon completion of that process, it is intended to enter into a definitive purchase and sale agreement in respect of the proposed sale. The proposed transaction will also be subject to customary closing conditions, including regulatory approvals.

In fiscal 2016, Henkel’s Adhesive Technologies business unit generated sales of around 9 billion euros, making Henkel one of the leading solution providers for adhesives, sealants and functional coatings.

About GCP Applied Technologies

GCP Applied Technologies is one of the leading global providers of products and technology solutions for customers in the specialty construction chemicals, specialty building materials, and packaging sealants and coatings industries.

About Darex Packaging Technologies

Darex Packaging Products is one of the leaders in can sealants and is a supplier of can coatings and closure sealants for the food and beverage packaging industry, as well as personal care and industrial containers. Darex developed the first can sealants to replace lead solder in 1921. Today, Darex helps protect the products of many of the world's most recognized consumer brands.

About Henkel

Henkel is active worldwide with its brands and technologies in three business units: Laundry & Home Care, Beauty Care and Adhesive Technologies. Founded in 1876, Henkel holds one of the globally leading market positions in both the consumer and industrial businesses with well-known brands such as Persil, Schwarzkopf and Loctite. Henkel employs about 50,000 people and reported sales of 18.1 billion euros and adjusted operating profit of 2.9 billion euros in fiscal 2015. Henkel’s preferred shares are listed in the German stock index DAX.

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Source: Henkel
FEICA 2018 European Adhesive and Sealant Conference and EXPO
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