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Henkel acquired adhesives and construction materials business from DESC Group

Published on 2003-10-17. Author : SpecialChem


The Henkel Group, Düsseldorf, acquired the entire adhesives and construction materials business of the DESC Group, Mexico City, Mexico. In fiscal 2002, this business, which employs over 900 people, generated total sales of 85.9 million euros. "This acquisition strengthens our presence specifically in the Mexican market.

The newly acquired branded products are an excellent complement to our existing DIY and craftsmen activities in the region," explains Alois Linder, Executive Vice President, Consumer and Craftsmen Adhesives, of the Henkel Group.

The brands, which are marketed almost exclusively in Mexico, include Resistol, Fester, Resikon and Simon. The emphasis is on contact, wood and construction adhesives, and on waterproofing systems used primarily as weather protection. The product range also comprises glue sticks and household adhesives.

With this acquisition the industrial adhesives activities of Henkel Technologies will also strengthen their market positions in woodworking, footwear and paper converting businesses.

Source: Henkel KgaA.

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