Henkel Completes Acquisition of National Starch Business

Henkel Corporation has officially taken over the national starch adhesives and electronic materials business from AkzoNobel, marking a significant move in its global strategy. This acquisition is expected to strengthen Henkel's position in the adhesives industry and enhance its capabilities in key markets. In 2007, both the national starch adhesives and electronic materials divisions of AkzoNobel generated sales of approximately 1.25 billion pounds (around 1.83 billion euros), with the purchase price reaching 2.7 billion pounds (about 3.7 billion euros). Following the integration, Henkel’s Adhesives Technology Business Unit is projected to see annual sales rise to roughly 7.5 billion euros. The company anticipates that the acquisition will deliver annual cost savings and operational synergies of between 240 and 260 million euros, with full benefits expected to be realized by 2011. This strategic move allows Henkel to further solidify its leadership in the global adhesives market, particularly within the industrial sector. The acquisition is expected to have a substantial impact on Henkel’s packaging, wood adhesives, and electronics businesses. For instance, Henkel already holds a strong position in laminating adhesives, while National Starch is a top player in pressure-sensitive adhesives. Their combined strengths are set to create a powerful synergy that enhances product offerings and market reach. Moreover, the acquisition is anticipated to significantly boost Henkel’s regional presence. After taking over National Starch’s business, Henkel’s share of the adhesives market in the Asia-Pacific region is expected to double. Leveraging its strong foothold in Europe, especially in Eastern Europe, Henkel aims to accelerate its expansion into new markets and deepen its local presence. “This acquisition represents another milestone in our more than 130-year history and clearly outlines the path for future growth,” said Li Ningya, Chairman of the Henkel Group. Prior to the deal, Henkel had already separated the business it intended to acquire, and regulatory authorities had completed the necessary antitrust reviews to ensure compliance. With this acquisition, Henkel is not only expanding its product portfolio but also reinforcing its long-term vision of becoming a global leader in adhesives and specialty chemicals. The combination of Henkel’s established expertise and National Starch’s innovative solutions is poised to drive sustainable growth across multiple industries.

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