Henkel to acquire Sonderhoff Group
Henkel announced that is has signed an agreement to acquire Sonderhoff Holding GmbH, a supplier for polymer sealing materials, engineering and services, based in Cologne, Germany. Financial details of the transaction were not disclosed. The acquisition is subject to customary closing conditions, including regulatory approvals.
In the fiscal year 2016, Sonderhoff Holding GmbH generated sales of about EUR 60 million. The company employs around 280 people worldwide and has subsidiaries in five countries: Germany, Austria, Italy, the USA and China.
According to Henkel, with the acquisition of the privately owned company, it will further enhance its sealants competence. The foam-based sealing solutions from Sonderhoff are used in a variety of industrial applications, protecting e. g. lighting systems, filtration solutions or appliances against humidity and dust. Sonderhoff is a leading manufacturer of foamed-in-place gasketing solutions for reliable sealing and has broad expertise in developing and manufacturing customized dosing equipment. Sonderhoff’s portfolio includes specialised polyurethane and silicone foams as well as customizsed dosing equipment and automation concepts with high technical and engineering expertise and a complete range of services.
“Targeted investments in complementary leading technologies are an integral part of our global strategy. With this acquisition, we will reinforce the position of our Adhesive Technologies business as a global market and technology leader,” said Henkel CEO Hans Van Bylen.
“The innovative systems from Sonderhoff with their strong technical expertise and their customised solutions and services perfectly complement our existing portfolio in an attractive market with substantial growth opportunities,” said Jan-Dirk Auris, Executive Vice President Adhesive Technologies at Henkel. “Sonderhoff’s engineering capabilities and their highly precise dosing equipment will enable us to offer our customers a comprehensive system solution benefiting even more from automation and digitalization in manufacturing.”