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Submits binding offer for $1,050 million for sealants and coatings specialist.
March 2, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Henkel has entered into exclusive negotiations with GCP Applied Technologies to acquire its global Darex Packaging Technologies business for $1,050 million (€995 million) on a cash and debt -free basis. Henkel has submitted a binding offer for the Darex Packaging Technologies business. Darex is based in Cambridge, MA, and supplies high-performance sealants and coatings for the metal packaging industry around the world. In fiscal 2016, Darex Packaging Technologies generated sales of approxima...
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