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.