Industry News

Rhodia Signs Agreement to Divest its European Cartridge Silicone Sealants Business to Henkel

Published on 2005-08-10. Author : SpecialChem

PARIS -- Rhodia announced the signing of a binding agreement for the sale of its European cartridge silicone sealants business to Henkel. This business comprises the production and distribution in Europe of a wide range of silicone sealants sold in cartridge form for the construction and Do-It-Yourself (DIY) markets. The transaction should be finalised in the coming weeks pending regulatory approvals.

With 158 employees based mainly on sites in Leverkusen in Germany and Leicester in the UK, the business generated sales of more than 50 million euros in 2004.

The Rhodia Group will continue to develop and manufacture core intermediates as well as bulk silicone sealants and market them in Europe and the rest of the world.

This divestment forms part of the divestiture of non-strategic activities being undertaken by the Group to consolidate its business portfolio.

"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 2004 the Henkel Group generated sales of 10,592 billion euros. More than 50,000 employees work for the Henkel Group worldwide. People in around 125 countries around the world trust in brands and technologies from Henkel.

Rhodia is a global specialty chemicals company recognized for its strong technology positions in applications chemistry, specialty materials and services, and fine chemicals. Partnering with major players in the automotive, electronics, fibers, pharmaceuticals, agrochemicals, consumer care, tires, and paints and coatings markets, Rhodia offers tailor-made solutions combining original molecules and technologies to respond to customers’ needs. Rhodia subscribes to the principles of Sustainable Development communicating its commitments and performance openly with stakeholders. Rhodia generated net sales of €5.3 billion ($6.9 billion) in 2004 and employs 20,000 people worldwide. Rhodia is listed on the Paris and New York stock exchanges.

Source: Rhodia

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