German glue and detergent maker Henkel AG said Wednesday it has agreed to acquire Sonderhoff Holding GmbH, a maker of high-impact sealing solutions for industrial assembly with annual revenues of about 60 million euros ($66 million).
Both parties agreed to not disclose any financial details of the transaction, which is subject to regulatory approvals.
Cologne-based Sonderhoff has around 280 employees. The company’s portfolio includes specialized polyurethane and silicone foams as well as customized dosing equipment and automation concepts.
By Friedrich Geiger a
Source: Dow Jones Newswires
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The acquisition significantly strengthens and expands Grace’s existing pharma portfolio. Pharma & Consumer is the largest, fastest growing and most profitable subsegment within Grace’s Materials Technologies business.
Solvay says it has decided to organize its soda ash and derivatives business into a separate and fully controlled legal structure.