Henkel to sell business with rubber-to-metal bonding products

09-Mar-2006

Henkel KGaA is in the process of selling to Lord Corporation its business with chemicals for bonding rubber to metal and other substrates. This Henkel Technologies business has so far been a non-core technology within the portfolio and should not be expanded. To date, Henkel has concentrated primarily on the European market with this activity. Since the automotive industry, the major customer in this segment, requires global service, Henkel decided to sell the business.

The sale and purchase agreement for the rubber-to-metal bonding chemicals business was signed by both parties on February 23. The transaction is still subject to outstanding closing conditions including the requisite antitrust approvals.

Other news from the department business & finance

Most read news

More news from our other portals

Discover the latest developments in battery technology!