Henkel has sold its European none core private label Laundry & Home Care business to McBride plc. Part of the business was acquired in 1997 to get access to the auto dishwashing tablets technology. The transaction involves the sale of Chemolux, a manufacturer of auto dishwashing tablets based in Luxembourg, and a business trading under Chemtek, producing liquid cleaning products located in the UK.
In 2006, the businesses together generated net external sales of around 85 million euros and employed around 400 employees.
This divestment is part of Henkel’s strategy to focus on core businesses and phase out marginal positions. The agreement on the sale of the business was signed on February 24, 2007, the closing of the transaction took place on April 13.
