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Home  > Markets & companies  > Coatings market  > Henkel to acquire Pressure Sensitive Adhes...

Friday, 20 September 2019
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Markets & companies, Coatings market

Henkel to acquire Pressure Sensitive Adhesives product range from Cytec Industries

Wednesday, 16 May 2012

The acquisition is expected to be closed in the third quarter 2012.

Henkel has signed an agreement with the US-based specialty chemicals company Cytec Industries Inc. to acquire its high-performance pressure sensitive adhesives (PSA) product range.

Source: Henkel
Henkel has signed an agreement with the US-based specialty chemicals company Cytec Industries Inc. to acquire its high-performance pressure sensiti...

Henkel has signed an agreement with the US-based specialty chemicals company Cytec Industries Inc. to acquire its high-performance pressure sensitive adhesives (PSA) product range. 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.

Jean Fayolle, responsible for Henkel’s Packaging Adhesives business, points out: "The product range to be acquired is complementary to Henkel’s well established high-performance PSA business and is expected to strengthen our position in this field.”

In fiscal 2011, Cytec’s PSA product range generated sales of USD 94 million. The business includes about 80 employees. The agreement on the sale was signed on May 11, 2012. The acquisition is subject to satisfaction of certain conditions and is expected to be closed in the third quarter 2012.

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