M&A Deal Summary

Henkel Acquires GCP Applied Technologies - Darex Packaging Technologies

On March 2, 2017, Henkel acquired chemicals company GCP Applied Technologies - Darex Packaging Technologies from GCP for 1.1B USD

Acquisition Highlights
  • This is Henkel’s 3rd transaction in the Chemicals sector.
  • This is Henkel’s 4th largest (disclosed) transaction.
  • This is Henkel’s 10th transaction in the United States.
  • This is Henkel’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-03-02
Target GCP Applied Technologies - Darex Packaging Technologies
Sector Chemicals
Buyer(s) Henkel
Sellers(s) GCP
Deal Type Divestiture
Deal Value 1.1B USD

Target

GCP Applied Technologies - Darex Packaging Technologies

Cambridge, Massachusetts, United States
GCP Applied Technologies, Inc. - Darex Packaging Technologies is a supplier of 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.

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Buyer(S) 1

Buyer

Henkel

Dusseldorf, Germany
Category Company
Founded 1876
Sector Consumer Products
Employees47,750
Revenue 21.5B EUR (2023)
DESCRIPTION

Henkel is a manufacturer and marketer of laundry, home care, beauty care, and adhesive products. The company offers adhesives, sealants, and functional coatings for various business areas, including packaging and consumer goods; mobility and electronics; and craftsmen, construction, and professional industries. Henkel was founded in 1876 and is based in Dusseldorf, Germany.

DEAL STATS #
Overall 12 of 34
Sector (Chemicals) 3 of 4
Type (Divestiture) 2 of 5
State (Massachusetts) 1 of 1
Country (United States) 10 of 15
Year (2017) 1 of 4
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 The Sun Products

Wilton, Connecticut, United States

The Sun Products Corp. is a manufacturer and marketer of fabric care and household products.

Buy $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-09 Nattura Laboratorios S.A. de C.V.

Guadalajara, Mexico

Nattura Laboratorios, S.A. de C.V. is a manufacturer of beauty, hair care, and health and wellbeing products. Nattura is a Mexico-based hair care company serving with its main associated companies in the USA, and Colombia the Latin and North American market. The business was founded in 1982. With its main brands Pravana and Tec Italy it operates primarily in the professional hair care segment. Company headquartered in Guadalajara, Mexico, and associated companies in the USA, Colombia and Spain.

Buy -

Seller(S) 1

SELLER

GCP

Cambridge, Massachusetts, United States
Category Company
Founded 2015
Sector Chemicals
Employees1,950
Revenue 903M USD (2020)
DESCRIPTION

GCP is a provider of premier specialty construction chemicals and specialty building materials for many of the world’s most renowned structures, and packaging technologies for the best-known consumer brands, delivering results for all our customers. GCP was founded in 2015 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-09 Halex

Pomona, California, United States

Halex Corp. is a provider of carpetsurfaces, supporting wood flooring & ceramic tile installations and mitigating moisture seepage in concrete.

Buy $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Stirling Lloyd Polychem

Knutsford, United Kingdom

Stirling Lloyd Polychem Ltd. is a provider of high-performance liquid waterproofing and coatings products. Stirling Lloyd is best known for its ELIMINATOR®, INTEGRITANK®, and DECSEAL® brands. These waterproofing membranes and coatings are used for the protection of infrastructure and buildings. Stirling Lloyd Polychem Ltd. was established in 1970 and is headquartered in Knutsford, UK.

Buy $94M
Mergr

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