Industry News

Henkel KGaA Sells Cognis to Schroder, Goldman Sachs

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Henkel KGaA has agreed to sell its chemical division Cognis to a consortium of financial investors comprised of Schroder Ventures and Goldman Sachs Capital Partners. The transaction is based on an enterprise value of $2.6 billion.      Henkel officials believe they have succeeded in finding purchasers who are able to support the continued successful development of Cognis and thereby offer the Cognis employees a promising perspective.      The definite purchase agreement was signed by the par...

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