Henkel AG & Co. KGaA

M&A Activity • Mar 2, 2017

News Details

Ad-hoc | 2 March 2017 06:56

Henkel AG & Co. KGaA: Submission of a binding offer for the Darex Packaging Technologies business of GCP Applied Technologies

Henkel AG & Co. KGaA / Key word(s): Agreement/Agreement

02-March-2017 / 06:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Submission of a binding offer for the Darex Packaging Technologies business
of GCP Applied Technologies

On March 2, 2017 Henkel has entered into exclusive negotiations with GCP
Applied Technologies, Inc. Cambridge, MA/USA ("GCP") to acquire the global
Darex Packaging Technologies business and has submitted a binding offer on
a cash and debt free basis of 1,050 million US dollars (around 995 million
euros).

Darex supplies high-performance sealants and coatings for the metal
packaging industry around the world. It serves various global customers
producing beverage, food or aerosol cans, ensuring with its solutions the
highest quality standards for many best-known brands. In fiscal 2016, Darex
Packaging Technologies generated sales of around 300 million US dollars
(around 285 million euros). Darex has about 700 employees and 20 sites in
19 countries.

In connection with this binding offer, GCP will begin a consultation
process with the relevant Works Councils and Labor Unions. Upon completion
of that process, it is intended to enter into a definitive purchase and
sale agreement in respect of the proposed sale. The proposed transaction
will also be subject to customary closing conditions, including regulatory
approvals.

Henkel AG & Co. KGaA

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Language: English
Company: Henkel AG & Co. KGaA
Henkel Str. 67
40191 Düsseldorf
Germany
Phone: +49 (0)211 797-0
Fax: +49 (0)211 798-4008
E-mail: press@henkel.com
Internet: www.henkel.de
ISIN: DE0006048432, DE0006048408
WKN: 604843, 604840
Indices: DAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated
Unofficial Market in Tradegate Exchange

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