Henkel signed an agreement to acquire Sonderhoff Holding GmbH based in Cologne, Germany. The company offers high-impact sealing solutions for industrial assembly.
May 17, 2017 Düsseldorf / Germany
Henkel to acquire Sonderhoff Group
- Perfect fit to existing portfolio
- System solutions for foamed-in-place gasketing, engineering and services
- Attractive market: automation and digitalization as growth drivers
With the acquisition of the privately owned company, Henkel will further enhance its sealants competence. Foam-based sealing solutions are used in a variety of industrial applications, protecting e.g. lighting systems, filtration solutions or appliances against humidity and dust. Sonderhoff is a leading manufacturer of innovative foamed-in-place gasketing solutions for reliable sealing and has broad expertise in developing and manufacturing customized dosing equipment.
“Targeted investments in complementary leading technologies are an integral part of our global strategy. With this acquisition, we will reinforce the position of our Adhesive Technologies business as a global market and technology leader,” said Henkel CEO Hans Van Bylen.
“The innovative systems from Sonderhoff with their strong technical expertise and their customized solutions and services perfectly complement our existing portfolio in an attractive market with substantial growth opportunities,” said Jan-Dirk Auris, Executive Vice President Adhesive Technologies at Henkel. “Sonderhoff’s engineering capabilities and their highly precise dosing equipment will enable us to offer our customers a comprehensive system solution benefiting even more from automation and digitalization in manufacturing.”
Sonderhoff’s comprehensive portfolio includes specialized polyurethane and silicone foams as well as customized dosing equipment and automation concepts with high technical and engineering expertise and a complete range of services.
In the fiscal year 2016, Sonderhoff Holding GmbH generated sales of about 60 million euros. The company employs around 280 people worldwide and has subsidiaries in five countries: Germany (headquarters in Cologne), Austria, Italy, the US and China.
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.