This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Henkel venderá los negocios de uniones para caucho y metal
Henkel will sell the business of bindings for rubber and metal
13/03/2006
on March 13, 2006
henkel kgaa is in process of selling to Lord Corporation of its chemical business of bindings for rubber and metal and other substrates. This segment of Henkel Technologies has become peripheral within the portfolio of the company's products and its expansion was not planned. To date, Henkel has been developing this activity mainly in the European market, but the company has decided to sell the business as it the the automotive industry, key client of this segment, require a global service.
The agreement of purchase and sale of the business of chemical bindings for rubber and metal was signed by both parties on 23 February. The transaction is still subject to conditions pending closure, including approval by antitrust authorities.
Jochen Krautter, Executive Vice President of Henkel Technologies, explained the sale of the business as "the best strategic solution for all those affected by" adding that "the increasing globalization of the operations of customers demand a global presence in this very specialized segment"", and our current operational base may not offer the type of coverage they require long term".
