Henkel to buy Cytec high-performance pressure sensitive adhesives

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.

Henkel said the Cytec product range would complement its well established high-performance PSA business.

It expects the acquisition to close in the third quarter of 2012.

($1 = €0.77)

By: Nigel Davis
+44 20 8652 3214

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