Henkel eyes big acquisitions, but only after 2012 – CEO

08 October 2010 17:21  [Source: ICIS news]

TORONTO (ICIS)--Germany-based detergents and adhesives major Henkel is looking at “bigger acquisitions,” but only for after 2012, CEO Kasper Rorsted said on Friday.

In the meantime, Henkel may do some smaller deals, Rorsted told German daily Rheinische Post in an interview. The paper issued a press release on the interview.

Rorsted said Henkel would achieve its target of a 14% adjusted earnings before tax and interest by 2013, and would also further reduce its debts by then.

The company was well on track to achieve the profit target, giving it the strength for further investments and strategic acquisitions, he added.

Rorsted would not rule out additional saving programmes, including the shifting of “certain standardised activities” to sites outside Germany.

However, any such move would not result in staff being terminated in Germany and Henkel’s base in Dusseldorf would remain one of its most important production sites for detergents and other products, he said.

“Even in 2008, during the deep crisis, we did not terminate staff for operational reasons,” he added.

The paper will publish the full interview with Rorsted in its hard copy edition on Saturday (9 October), it said.

For more on Henkel and other producers visit ICIS company intelligence
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By: Stefan Baumgarten
+1 713 525 2653

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