High performance industrial adhesives business strengthened
Effective August 1, 2012, Henkel acquired the high-performance pressure sensitive adhesives (PSA) product range from the US-based specialty chemicals company Cytec Industries Inc. Both companies signed the definitive agreement on May 11 2012. Pressure sensitive adhesives are specialized adhesives used in the packaging, automotive, electronic and durable goods industries for foils and films, tapes or labels offering high performance adhesive characteristics.
The acquisition clearly strengthens Henkel’s position in the area of high-sensitive adhesives as the acquired product range is complementary to Henkel’s well established high-performance PSA business.
In fiscal 2011, Cytec’s PSA product range generated sales of 94 million US dollars. The business includes about 80 employees.
Did you enjoy this article? Click here to subscribe to the magazine.