Sector News

Henkel to Acquire Novamelt GmbH

April 17, 2015
Energy & Chemical Value Chain
Henkel signed an agreement to acquire Novamelt GmbH, a privately owned company based in the south of Germany. With this transaction Henkel as leading solution provider worldwide for adhesives, sealants and functional coatings will further enhance its competence in the area of hotmelt adhesives.
 
In fiscal 2014, Novamelt GmbH, based in Wehr, Baden-Württemberg, Germany, generated sales of around 50 million euros. The company has about 100 employees, is headquartered in Germany and has an additional site in the US, Novamelt Americas LLC.
 
Novamelt offers a comprehensive portfolio of specialized hotmelt adhesives. Especially the UV-curable hotmelts the company has developed withstand even high temperatures and heavily changing weather conditions. Novamelt’s solutions are mainly used for self adhesive labels and tapes.
 
“Targeted investments in complementary leading technologies are an integral part of our global strategy,” says Csaba Szendrei, Henkel Corporate Senior Vice President, Packaging and Consumer Goods Adhesives. “Novamelt’s solutions perfectly fit to our existing pressure sensitive adhesives business.” In fiscal 2014, the Adhesive Technologies business unit generated sales of more than 8 billion euros.
 
Both parties agreed not to disclose any financial details about the transaction. Closing of the acquisition is subject to approval from anti-trust authorities.
 
Source: Henkel

comments closed

Related News

May 26, 2024

Borealis signs first Austrian wind and solar PPA with Burgenland Energie

Energy & Chemical Value Chain

Borealis has partnered with Austria-based wind and solar power producer and green tech solution provider Burgenland Energie on a power purchase agreement (PPA). Under the ten-year agreement, renewable electricity will be provided by a hybrid renewable energy park located in Nickelsdorf, Austria, which is owned by Burgenland Energie’s subsidiaries Nick Alpha and Wind PV Operation.

May 26, 2024

DuPont to split into three companies

Energy & Chemical Value Chain

DuPont de Nemours Inc. announced plans to split into three separate, publicly traded companies. The electronic materials and water business will become independent companies, with the remainder of the company to comprise New DuPont. The splits will be complete within 18 to 24 months, and do not require shareholder approval.

May 26, 2024

Olin hires new leader for chlor-alkali and vinyls business

Energy & Chemical Value Chain

Olin Corp. has hired Deon Carter as vice president and president/chlor-alkali products and vinyls, effective June 17. Carter was previously COO at Continental Industries Group, a position he took April 2023 after serving as president and CEO of Scientific Design Company.

How can we help you?

We're easy to reach