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Business
Henkel to buy Darex Packaging
by Marc S. Reisch
March 6, 2017
| A version of this story appeared in
Volume 95, Issue 10
Henkel will pay more than $1 billion to acquire GCP Applied Technologies’ Darex Packaging Technologies, a leading maker of can sealants and coatings for metal packaging. The unit, which has 700 employees and $300 million in annual sales, will be added to Henkel’s adhesives technologies portfolio. GCP, which split off from W.R. Grace a year ago, says the transaction will allow it to focus on its construction products businesses, including concrete additives and waterproofing membranes
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