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Henkel strengthens its Adhesives business in Asia

Published on 2004-01-26. Author : SpecialChem

The Henkel Group strengthens its Adhesives business through the takeover of the Korean sealant manufacturer Lucky Silicone Industry Co. Ltd. headquartered in Jincheon, Korea. The company is the market leader in Korea's sealants segment.

The Henkel Group acquired the Korean company Lucky Silicone Industry Co. Ltd. at the end of 2003. This enterprise, which was founded in 1978 and has a workforce of 46, primarily develops, produces and sells sealants in Korea. As the market leader in Korea, Lucky Silicone Industry Co. Ltd. realized sales of around 30 million euros in fiscal 2002.

"The company is an excellent complement to our existing Adhesives business in Korea", explained Alois Linder, Executive Vice President Consumer and Craftsmen Adhesives. "This acquisition gives Henkel a strategically important position in the rising Asian sealants market."

Source: The Henkel Group

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