On March 2, Germany’s Henkel announced that it planned to spend US$1.05 billion to acquire Darex, a packaging technology company under the American GCP Application Technology Group, and has now officially submitted an offer.
Henkel has entered into exclusive negotiations with GCP and plans to acquire Darex in a cash-free and debt-free manner. Regarding the binding offer issued by Henkel, Grace will initiate a negotiation process with the relevant labor associations and trade unions. Upon completion of negotiations, Grace will enter into a clear acquisition agreement with Henkel regarding the proposed sale. In addition, the transaction is subject to customary closing conditions such as regulatory approvals.
Henkel stated that this transaction is in line with Henkel’s strategy of “complete target acquisitions and strengthen business groups”, and will also help consolidate Henkel’s adhesive technology business’s position as a global market.
Darex specializes in the production of high-performance sealants and coatings for metal packaging, with annual sales of approximately US$300 million and approximately 700 employees. It has 20 offices in 19 countries around the world and approximately 700 employees. 
Editor in charge: Wang Ning12
