Effective April 1, 2007, the Consumer and Craftsmen Adhesives and Henkel Technologies business sectors will be merged to form the new Adhesives Technologies business sector, with total sales of €5.5 billion realized in fiscal 2006.
"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."
Henkel to merge adhesives and technologies businesses
By Tim Wright
Published February 22, 2007
Related Breaking News
Related Paint & Coatings Manufacturer News