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Henkel acquires Makroflex

Published on 2003-08-05. Author : SpecialChem

 

The Henkel Group has acquired from YIT Construction Ltd, Helsinki, Finland, the Makroflex business in Finland and Estonia.

Makroflex develops, produces and markets mainly sealants and insulation materials for the construction industry. In fiscal 2002, the Makroflex companies recorded sales of $38 million USD. The companies employ approx. 100 people at two production sites in Finland and Estonia. Makroflex is the market leader in Central, Eastern and Northern Europe.

"This acquisition is another important step toward expanding our international adhesives business according to plan," explains Alois Linder, Executive Vice Present, Consumer and Craftsmen Adhesives, of the Henkel Group. "The purchase of Makroflex will strengthen our position in North, Central and Eastern Europe, and especially in Russia."

Makroflex's operations in Central and Eastern Europe will in the future be steered by Henkel Central Eastern Europe, headquartered in Vienna. Its Northern European activities will be managed through the Henkel Norden Group.

Henkel -- "A Brand like a Friend." Henkel is a leader with brands and technologies that make people's lives easier, better and more beautiful. The Henkel Group operates in three strategic business areas -- Home Care, Personal Care, and Adhesives, Sealants and Surface Treatment. In fiscal 2002 the Henkel Group generated sales of 9.66 billion euros and an operating profit (EBIT) of 666 million euros. 50,000 employees work for the Henkel Group worldwide. Henkel Brands and Technologies are available in 125 countries.

Source: The Henkel Group


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