Effective August 1, 2012, Henkel acquired the high-performance pressure sensitive adhesives (PSA) product range from the US-based specialty chemicals company Cytec Industries Inc. Both companies signed the definitive agreement on May 11 2012. Pressure sensitive adhesives are specialized adhesives used in the packaging, automotive, electronic and durable goods industries for foils and films, tapes or labels offering high performance adhesive characteristics.
Henkel announced that Carsten Knobel formally assumes his responsibilities as Executive Vice President Finance and Purchasing effective July 1, 2012. Carsten Knobel succeeds Lothar Steinebach who retires after more than 30 years with the company. The CFO transition was first announced at the end of 2011.
Henkel has signed an agreement with the US-based specialty chemicals company Cytec Industries Inc. to acquire its high-performance pressure sensitive adhesives (PSA) product range. Pressure sensitive adhesives are specialized adhesives used in the packaging, automotive, electronic and durable goods industries for foils and films, tapes or labels offering high performance adhesive characteristics.
Held in Düsseldorf on April 16, 2012, the Annual General Meeting of Henkel AG & Co. KGaA saw all of its agenda resolutions passed by the voting shareholders, of whom a total of some 2,000 attended the event.
At today’s Annual General Meeting, Henkel CEO Kasper Rorsted outlined the main success drivers for the company’s business performance in 2011. “Henkel recorded the best year in its company history. We fully met all our financial targets and even overdelivered on a number of them. The strong focus on our vision and values and on our strategic priorities, as well as the global footprint of our company significantly contributed to this achievement.”
Henkel today signed a new 800 million euros revolving credit facility. The facility with a tenor of 5 years and two additional one-year extension options serves as a backup for Henkel’s Commercial Paper programs, securing flexible financing for the company. The existing 700 million euros 5-year revolving credit facility signed inMarch 2010 will remain in place. Due to Henkel’s excellent cash situation the company decided to reduce the total volume of its revolving credit facilities from 2.1 billion euros to 1.5 billion euros.
For more than two decades, Henkel has been publishing a dedicated Sustainability Report alongside its Annual Report. In the 21st issue, which is being published today, the company is presenting its new Sustainability Strategy 2030. At the core of this is the goal of achieving more with less and tripling its efficiency. The new sustainability strategy applies to all business sectors and the entire value chain.