Henkel Completes Acquisition of National Starch Business

Henkel Corporation has officially acquired the national starch adhesives and electronic materials business from AkzoNobel, marking a significant strategic move in the global adhesives industry. This acquisition is part of Henkel’s ongoing efforts to strengthen its market position and expand its product portfolio. In 2007, both the national starch adhesives and electronic materials divisions of AkzoNobel generated sales of around 1.25 billion pounds (approximately 1.83 billion euros), with the purchase price reaching 2.7 billion pounds (around 3.7 billion euros). Following the integration, Henkel's Adhesives Technology Business Unit is expected to see annual sales rise to roughly 7.5 billion euros. The company anticipates that the acquisition will generate annual cost and revenue synergies of between 240 and 260 million euros, with full integration expected to be completed by 2011. This move is expected to further solidify Henkel’s leadership in the global adhesives market, particularly in industrial applications. The acquisition brings together Henkel’s strong presence in laminating adhesives with National Starch’s expertise in pressure-sensitive adhesives, creating a powerful synergy. Additionally, the combination will enhance Henkel’s capabilities in the electronics sector, offering new growth opportunities. The deal also strengthens Henkel’s regional footprint, especially in the Asia-Pacific region, where its share of the adhesives market is expected to double after the acquisition. Leveraging its strong position in Europe—particularly in Eastern Europe—Henkel aims to accelerate its expansion into emerging markets. “This acquisition represents another milestone in our 130-year history, and it clearly defines the path for future growth,” said Li Ningya, Chairman of the Henkel Group. Prior to the transaction, Henkel had already separated the business it intended to acquire, and regulatory authorities had conducted necessary antitrust reviews to ensure compliance. With this strategic acquisition, Henkel is well-positioned to capitalize on growing demand for high-performance adhesives and materials across various industries, reinforcing its role as a global leader in innovation and sustainability.

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