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Henkel buys Bergquist to extend reach in APAC region

Posted: 17 Oct 2014 ?? ?Print Version ?Bookmark and Share

Keywords:Henkel? Bergquist? adhesive? acquisition? sealant?

Henkel, a provider of adhesive, sealants and functional coatings, has inked a deal to acquire The Bergquist Company, a privately-held, global supplier of thermal-management solutions for electronics applications.

"With this acquisition, which is in line with our global strategy to invest in complementary leading technologies, we are strengthening our position as a global market and technology leader," noted Jan-Dirk Auris, EVP, Henkel Adhesive Technologies. "Bergquist's track record in developing unique thermal-management solutions fits with our commitment to provide best-in-class customised solutions."

Bergquist's strong business presence in the Asia Pacific region will further advance Henkel's production and R&D capabilities and help deliver greater sustainable solutions to the region.

The Chanhassen, Minneapolis, US-based company has five production sites in the US and one in China. In fiscal 2013, Bergquist generated sales of nearly $166 million. The company has about 1,000 employees.

Last year, Henkel Adhesive Technologies increased its APAC presence further by opening what it claims as the world's largest adhesives plant, the Dragon Plant. In Q2 of fiscal 2014, the Henkel Adhesive Technologies business unit generated a 17.5 per cent return on sales, with Asia Pacific markets posting the highest growth.

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