IFLR1000

Henkel $1.05 billion acquisition of Darex Packaging Technologies

2/3/2017
Public acquisition
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$ 1.05 billion

Announced

2/3/2017

Overview:

  • German chemical and consumer goods company Henkel has made a $1.05 billion offer for US-based Darex Packaging Technologies.
  • The US company is the global manufacturing leader in sealants for cans, with operations in 19 countries.
  • Darex was sold by GCP Applied Technologies.
  • Goldman Sachs acted as financial adviser for GCP.
  • The deal is expected to close in mid-2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Germany

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:
Latham & Watkins

Party: Henkel (Acquirer)

Sullivan & Cromwell

Party: Goldman Sachs (Financial adviser)

Lawyer: Stephen Kotran

Wachtell Lipton Rosen & Katz

Party: GCP Applied Technologies (Seller)

Lawyers: Adam Emmerich, Gregory Ostling

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