henkel ag & co kgaa vorzug (HENOF) Key Developments
Henkel and Nihon Parkerizing Co. Ltd Announce Extended Cooperation to Benefit Global Surface Treatment Customers
Jul 6 15
Henkel and Nihon Parkerizing Co. Ltd. are taking their 27-year business cooperation to the next level with the signing of a broad license contract for surface technologies. Effective from July 1, 2015, the new partnership extends a current cross license agreement on conversion coatings to a broader field of surface treatment products. The move will give customers, who are primarily from the automotive and aerospace industries, access to both companies' technologies on a global basis. A distribution agreement for Japan covers Henkel's Cleaners, Lubricants and Surface Treatment. Nihon Parkerizing supplies surface treatment chemicals to a broad range of industries for a diverse range of purposes including cleaning substrates, adding corrosion resistance, creating a base for painting and providing lubrication, as well as offering the latest knowhow and extensive technical support.
Henkel Denies Rumors Of Wella Acquisition
Jun 14 15
The Henkel Chief Executive Officer, Kasper Rorsted has denied the rumors that Henkel AG & Co. KGaA (DB:HEN3) is looking to acquire The Procter & Gamble Company (NYSE:PG)'s haircare unit Wella GmbH. "We don't absolutely have to have big, multi-billion-euro acquisitions to reach our financial goals," Rorsted remarked .
Henkel, Coty Reportedly Submit Binding Bids For P&G Assets
Jun 9 15
Henkel AG & Co. KGaA (DB:HEN3) and Coty Inc. (NYSE:COTY) have made binding offers to buy separate parts of The Procter & Gamble Company(NYSE:PG)'s beauty businesses worth up to a total of $12 billion, according to people familiar with the matter. The bids were submitted on June 8, 2015. Henkel made an offer for P&G's haircare business, which includes the Wella GmbH and Clairol Limited brands. KKR & Co. L.P. (NYSE:KKR) also submitted a bid for the haircare business, according to sources. Coty submitted bids for P&G's fragrance unit and its cosmetics business. Clayton, Dubilier & Rice, Inc. also bid for &G's cosmetics business, which includes CoverGirl and Max Factor & Co. Warburg Pincus LLC is also reported to be interested in the P&G's cosmetics business as well as its fragrance unit of P&G, which includes brands like Hugo Boss and Gucci. Representatives for P&G, Coty, KKR, Clayton Dubilier & Rice and Warburg Pincus declined to comment while Henkel could not be reached for comment.
Henkel, Coty Submit Bids For P&G Assets
Jun 8 15
Henkel AG & Co. KGaA (DB:HEN3) and Coty Inc. (NYSE:COTY) made binding offers on Monday to buy separate parts of The Procter & Gamble Company (NYSE:PG), according to people familiar with the matter. Henkel made an offer for P&G's hair care business, for which KKR & Co. L.P. (NYSE:KKR) has also submitted a bid, people said. Coty has submitted bids for P&G's fragrance unit and its cosmetics business. Warburg Pincus LLC, Clayton, Dubilier & Rice, Inc. have also submitted a bid for P&G's cosmetics business. According to insiders, Henkel is looking to acquire Wella. Henkel has submitted a binding offer that could be worth $5 billion to $7 billion.
The Bosnian Unit of Henkel to Launch Adhesives Plant in Bosnia's Bileca on June 11, 2015
May 26 15
The Bosnian unit of Henkel will formally open an adhesives plant in Bileca on June 11, 2015. The investment cost for the 6,000 sq m plant totals EUR 7.5 million ($8.2 million), EUR 500,000 more than the initial estimate. The adhesive materials plant was set to open in March, but due to small deviations in the construction phase of the project the start date was pushed to mid-June. Henkel picked Bileca as the location for its Bosnian-based plant because of its strategic geographic position and links to neighbouring markets such as Croatia, Montenegro and Albania. Bileca is also rich in ground calcium carbonate, a vital component in manufacturing and producing Henkel's cement-based adhesive and thermal insulating materials for the construction industry.