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 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.
Henkel has sold its Italian-based Fine Fragrance business to the Italian investment group Investindustrial. The Fine Fragrance business which is operating under the name of Morris Profumi is a non-core activity within the portfolio of Henkel’s Cosmetics/Toiletries business sector. It is focused on the manufacture and marketing of fragrances and perfumes under license of brands such as Sergio Tacchini, Ferrari, La Perla and Krizia.
Effective April 1, 2007, the Consumer and Craftsmen Adhesives and Henkel Technologies business sectors will be merged to form the new Adhesives Technologies business sector, with total sales of 5.5 billion euros realized in fiscal 2006.
In the “Good Company Ranking 2007,” Henkel has been honored as a sustainably operating and socially responsible company: In the European Corporate Social Responsibility rating of the 120 biggest companies, Henkel took a very good second place. And once again Henkel is one of the “Global 100: Most Sustainable Corporations in the World,” presented by the Canadian financial consultants Innovest Strategic Value Advisors.