Henkel acquired Pressure Sensitive Adhesives product range from Cytec Industries
06-Aug-2012
- Germany
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.
The acquisition clearly strengthens Henkel’s position in the area of high-sensitive adhesives as the acquired product range is complementary to Henkel’s well established high-performance PSA business.
In fiscal 2011, Cytec’s PSA product range generated sales of 94 million US dollars. The business includes about 80 employees.
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