Henkel signs back-to-back agreement with Akzo Nobel

Important step towards acquisition of National Starch businesses

Düsseldorf, (PresseBox) - Following approval of the Shareholders’ Committee of Henkel KGaA, Henkel and Akzo Nobel N.V., Arnhem, The Netherlands, have signed an agreement on a back-to-back transaction on August 13, 2007. Under the terms of this agreement, Henkel will acquire the adhesives and electronic materials businesses of National Starch and Chemical Company, Bridgewater, N.J., USA. National Starch is a subsidiary company of ICI plc, London, UK. The back-to-back transaction is conditional on the takeover of ICI by Akzo Nobel. If this takeover will be accomplished, is still uncertain.

The transaction value of these businesses is 2.7 billion GBP (close to 4 billion euros). The National Starch businesses to be acquired realized sales of about 1.26 billion GBP (about 1.85 billion euros) in 2006.

Henkel AG & Co. KGaA

For more than 130 years, Henkel has been a leader with brands and technologies that make people's lives easier, better and more beautiful. Henkel operates in three business areas – Home Care, Personal Care, and Adhesives Technologies – and ranks among the Fortune Global 500 companies. In fiscal 2006, Henkel generated sales of 12.740 billion euros and operating profit of 1,298 million euros.
Our 52,000 employees worldwide are dedicated to fulfilling our corporate claim, "A Brand like a Friend," and ensuring that people in more than 125 countries can trust in brands and technologies from Henkel.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.


I want to subscribe to the gratis press mail and have read and accepted the conditions.