Sector News

Henkel to Acquire Novamelt GmbH

April 17, 2015
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

Related News

June 19, 2021

Neste and Boston Consulting Group announce new sustainable aviation fuel partnership to reduce the climate impact of business air travel

Chemical Value Chain

Neste and BCG have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines.

June 19, 2021

South Korea’s Hanwha, SPC to develop biodegradable plastic material

Chemical Value Chain

South Korean firms Hanwha Compound and SPC Pack plan to jointly develop eco-friendly biodegradable plastic materials based on poly lactic acid (PLA).

June 19, 2021

Borealis secures chemically recycled feedstock for production of base chemicals and polyolefins 

Chemical Value Chain

Borealis Group has signed an agreement with Renasci Oostende Recycling to acquire the entire chemically recycled feedstock output from its high-tech recycling center in Oostende, Belgium. This agreement will enable Borealis to become one of the leading global suppliers of chemically recycled base chemicals and polyolefins.

Send this to a friend