Industry News

Henkel to Merge Adhesives and Technologies Businesses

Published on 2007-02-23. Author : SpecialChem

Düsseldorf, Germany/Gulph Mills, Penn. -- Effective April 1, 2007, Henkel will merge its Consumer and Craftsmen Adhesives and Henkel Technologies business sectors to form the new Adhesives Technologies business sector. The two businesses had combined sales of 5.5 billion euros in 2006. Jochen Krautter, currently responsible for the Henkel Technologies business sector, and Alois Linder, currently responsible for the Consumer and Craftsmen Adhesives business sector, will jointly head this new business sector until June 30, 2007.

Effective July 1, 2007, Jochen Krautter, personally liable managing partner of Henkel KGaA for many years, will retire from the Management Board as planned. Alois Linder will then assume the sole responsibility for the new Adhesives Technologies business sector.

"The strategic rationale behind the merger of these two businesses derives from the advantages of a unified market approach," said Ulrich Lehner, Chairman of the Management Board of Henkel KGaA. "We expect this move to enable us to better utilize the core competences of both business sectors and to significantly accelerate growth in all regions of the world."

In North America, the new Adhesives Technologies sector will market a wide array of consumer and industrial brands including Loctite® adhesives, Duck® brand duct tape, and LePage® adhesives in Canada.

"Henkel - A Brand like a Friend." Henkel is a leader with brands and technologies that make people's lives easier, better and more beautiful. Henkel, a Fortune Global 500 company, operates in three strategic business areas - Home Care, Personal Care, and Adhesives, Sealants and Surface Treatment. In fiscal 2006 Henkel generated sales of 12.740 billion euros. More than 50,000 employees work for Henkel worldwide. People in approximately 125 countries around the world trust in brands and technologies from Henkel.

This document contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, etc. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel's control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update any forward-looking statements.

Source: Henkel

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