Industry News

Henkel Strengthens Market Position in the U.S. Automotive Sector

Published on 2004-11-05. Author : SpecialChem

Henkel Corporation, a US affiliate of Henkel KGaA, Düsseldorf/Germany, has acquired the US company Orbseal LLC. The company manufactures and markets preformed acoustic parts and sealants which are used mainly in US car body production.

"This acquisition will substantially strengthen Henkel's competitive position in the American automotive industry", explained Jochen Krautter, member of the Management Board of Henkel KGaA and Executive Vice President Henkel Technologies. "Additionally, and this is especially important in today's automotive industry, the acquisition will strengthen our broad systems expertise."

Effective October 29, 2004, Henkel Corporation, Gulph Mills, Pennsylvania, USA, a Henkel Group company acquired the company Orbseal LLC based in Richmond, Missouri, USA, from TSG Capital Fund III L.P., Sealion Co, and the Orscheln Group, and certain other holders. Orbseal LLC manufactures and markets preformed acoustic parts and car body sealants in the USA, in Australia and in the UK. In fiscal 2003, the Orbseal LLC generated consolidated sales of 61 million USD. Orbseal LLC employs almost 400 people.

Orbseal LLC has long-established relationships with the three largest U.S. automobile manufacturers, Ford, General Motors and DaimlerChrysler.

Orbseal LLC's products are used in cutting edge technology related to noise reduction, structural reinforcement and vibration minimization. With the acquisition of Orbseal LLC Henkel invests into the world market for automotive acoustic materials and sealants, a market which has above-average growth rates.

"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 2003 the Henkel Group generated sales of 9.436 billion euros and an operating profit (EBIT) of 706 million euros. More than 50,000 employees work for the Henkel Group worldwide. People in 125 countries around the world trust in brands and technologies from Henkel.

Source: Henkel Corporation

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