06/02/2009

 

Henkel divests non-core businesses in the US and Canada

 

Henkel’s US subsidiary sells consumer adhesives brands to Shurtape Technologies

Henkel divests non-core businesses in the US and Canada

Düsseldorf – Henkel’s 100% US subsidiary Henkel Corporation today announced the sale of its business conducted under the Duck®, Painter’s Mate Green® and Easy Liner® brands in the U.S. and Canada to Shurtape Technologies, LLC or one of Shurtape’s affiliates. Shurtape is based in Hickory, North Carolina and has been a long-term supplier to Henkel. The brands sold are the do-it-yourself (DIY) line of tapes, office and houseware products, including Duck® brand duct tape and stationery, mailing and shipping, and kitchen and bath products. Included in the sale are certain worldwide rights to these brands as well as Henkel’s Avon, Ohio, facility.

With this divestment Henkel is separating from a business not belonging to its core activities within the portfolio of the Adhesive Technologies business sector.

Henkel’s Avon location, which markets and distributes the Duck®, Painter’s Mate Green® and Easy Liner® brands, includes a staff of 350 employees.

Henkel’s Pritt®, Loctite®, LePage®, Pro-Series®, PL®, and Polyseamseal® brands and the corresponding construction adhesives, sealants, and general adhesives businesses are not part of this sale.