Jul 16, 2018 Düsseldorf / Germany
Henkel to acquire Aislantes Nacionales S.A.
Henkel has signed an agreement to acquire Aislantes Nacionales S.A., a major player in the Chilean tile adhesive and building materials market.
Aislantes Nacionales S.A. is a privately-owned company specialized in manufacturing and marketing a wide variety of products in the building materials market. The portfolio includes ceramic tile installation systems, mortars for finishing floors and walls, elastic sealants and insulation systems. In the fiscal year 2017, Aislantes Nacionales S.A. generated sales of about 80 million euros. The company is based in Santiago de Chile and employs around 220 people at a local production site.
The transaction is in line with Henkel’s strategy to strengthen its portfolio through targeted investments. “With acquiring Aislantes Nacionales S.A. we will enter the attractive Chilean building materials market in a strong position. The strong brands and technologies, as well as the well-positioned portfolio will further strengthen our position in Latin America”, says Jan-Dirk Auris, Executive Vice President and responsible for Henkel’s Adhesive Technologies business.
Both parties agreed to not disclose any financial details of the transaction. The acquisition is subject to customary closing conditions, including regulatory approvals.
This document contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update forward-looking statements.