In line with its global strategy to focus on core businesses and phase out marginal positions Henkel has sold its Turkey-based Oils and Fats Business to Bal Tüketim ve İhtiyaç Maddeleri A.Ş. The business which is operating only in Turkey is a non-core activity within the portfolio of Henkel’s Laundry & Home Care business sector. It is focused on the manufacture and marketing of branded margarine as well as bakery and industrial fats.
The Branded and Professional Oils and Fats business is a division of Türk Henkel Kimya Sanayi ve Ticaret A.S. and is located in Izmir, Turkey. In 2006 the business generated net sales of around 38 million euros and employed around 60 employees.
The agreement on the sale of the business was signed on January 16, 2007, the closing of the transaction took place on March 30, 2007.
