11 May 2012 14:06 [Source: ICIS news]
LONDON (ICIS)--Henkel will acquire Cytec Industries’ high-performance pressure sensitive adhesives (PSA) product range, the German laundry products, toiletries and adhesives firm said on Friday.
US-based Cytec’s PSA product range generated sales of $94m (€72m) in 2011 and employs about 80 people. PSAs are specialised adhesives used for foils and films, tapes or labels in the packaging, automotive, electronics and durable goods industries.
It expects the acquisition to close in the third quarter of 2012.
($1 = €0.77)
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