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Henkel acquires Solyplast

Published on 2002-10-22. Author : SpecialChem

 

The Henkel Group, Düsseldorf, took over Solyplast S.A., Barcelona, Spain, a manufacturer of adhesives and sealants.

Solyplast S.A. produces and markets acrylate and silicone sealants as well as adhesives for the craftsmen and DIY market. The company, which has 42 employees, recorded sales of some 14.6 million euros in 2001.

"By purchasing Solyplast the Henkel Group is not only strengthening its market position but also acquiring expertise that ideally complements our existing business," explains Alois Linder, Executive Vice President Consumer and Craftsmen Adhesives of the Henkel Group. "This acquisition gives us an opportunity to grow in this area in other regions as well."

Founded in 1973, Solyplast S.A. is one of the market leaders in Spain for sealants, generating about 90 percent of its sales in the craftsmen segment. The company will be fully integrated in the Henkel Group company Henkel Ib�rica, Barcelona, Spain.


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