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Henkel Consumer Adhesives, Inc. Acquires Retail Business

Published on 2004-04-30. Author : SpecialChem

 

Henkel Consumer Adhesives, Inc. announced on 28th April, 2004, the acquisition of Tape Specialties Limited's (Ontario, Canada) retail business and Painters Mate® brands.

Tape Specialties Limited is a Canadian industry leader and developer of water-based rubber adhesives that are environmentally friendly. Among the company's products is a comprehensive range of premium pressure sensitive masking tapes designed for the professional and do-it-yourself painter. The consumer line of products is marketed under the Painters Mate®, Painters Mate Green®, and Painters Mate Delicate® brands in North America.

"We are excited about the sale of our retail business to Henkel. Our line of products is a great fit with the variety of tape products that Henkel Consumer Adhesives already sells," said Harry Young, President of Tape Specialties Limited.

Henkel Consumer Adhesives markets products for the home, school and office under the Duck® and Loctite® brands in the United States. In Canada, Henkel Consumer Adhesives, a division of Henkel Canada Corporation, markets the Duck® and Loctite® brands, as well as LePage® branded products.

"The products, innovation, and technologies that the retail business of Tape Specialties brings to our existing line of consumer adhesive products, both in the United States and Canada, are excellent additions to our company," said John Kahl, CEO Henkel Consumer Adhesives. "We are pleased to unite the strength of our Duck, Loctite, and LePage brands with that of Tape Specialties' Painters Mate."

The transition and integration of Tape Specialties retail business with Henkel Consumer Adhesives will begin immediately.

Tape Specialties Limited is a manufacturer of pressure sensitive products, and an industry originator and leader in the development of aqueous-based, environmentally friendly, rubber adhesives. Tape Specialties' four primary product groups include the consumer line of Painters Mate® Masking Products as well as commercial laminating films, Shatterstop® safety films and protective films for the glass and metal industries.

Henkel Consumer Adhesives, Inc. develops and markets a broad array of imaginative products for the home, school and office under the Duck and Loctite brands. In Canada, the company markets products through Henkel Canada Corporation, Consumer Adhesives. Henkel Consumer Adhesives is part of the Henkel Group, a worldwide leader in adhesives and a European leader in laundry/home care and personal care products. With 48,628 employees worldwide, Henkel generated sales of 9.4 billion euros in 2003.

Source: Henkel Consumer Adhesives, Inc.


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