ROCKY HILL, Conn., June 2 /CNW/ -- Henkel Corporation today announced the
sale of its business conducted under the Duck(R), Painter's Mate Green(R) and
Easy Liner(R) brands in the U.S. and Canada to Shurtape Technologies, LLC or
one of Shurtape's affiliates. Shurtape is based in Hickory, North Carolina,
and has been a long-term supplier to Henkel. The brands sold are the
do-it-yourself (DIY) line of tapes, office and houseware products, including
Duck(R) brand duct tape and stationery, mailing and shipping, and kitchen and
bath products. Included in the sale are certain worldwide rights to these
brands as well as Henkel's Avon, Ohio, facility.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090415/DE99335LOGO )
"This sale fits our strategic direction, which is to focus on our core
adhesives businesses. We're proud of the achievements of these brands and the
dedicated employees who have worked hard to make them successful," said Julian
Colquitt, President of Henkel Adhesive Technologies, North America.
"This transaction is a logical step in formalizing a 40-year relationship
with Henkel Corporation. The combination of Henkel's strong consumer brands
with Shurtape's professional brands and manufacturing base will drive
innovation and value for our retail partners," said Jim Shuford, President &
CEO, Shurtape Technologies LLC.
Henkel's Avon location, which markets and distributes the Duck(R),
Painter's Mate Green(R) and Easy Liner(R) brands, includes a staff of 350
Henkel's Pritt(R), Loctite(R), LePage(R), Pro-Series(R), PL(R), and
Polyseamseal(R) brands and the corresponding construction adhesives, sealants,
and general adhesives businesses are not part of this sale.
Shurtape Technologies, LLC, headquartered in Hickory, North Carolina, is
an industry-leading producer of pressure sensitive masking, duct, packaging
and specialty tape products, with facilities in the United States, Canada,
Germany, Mexico, Peru, United Arab Emirates and China. The company services
numerous markets including industrial, packaging, HVAC, professional paint,
auto, marine, aerospace, arts and entertainment, and retail. www.shurtape.com
Henkel in North America
Henkel markets a wide range of well-known consumer and industrial brands
in North America, including Dial(R) soaps, Purex(R) laundry detergents, Right
Guard(R) antiperspirants, got2b(R) hair gels, and Loctite(R) adhesives. Visit
www.henkelna.com for more information.
For more than 130 years, Henkel has been a leader with brands and
technologies that make people's lives easier, better and more beautiful.
Henkel operates in three business areas -- Home Care, Personal Care, and
Adhesive Technologies -- and is ranked among the Fortune Global 500 companies.
More than 60 percent of Henkel's sales are in fast-moving consumer goods,
while the industrial business accounts for almost 40 percent of the company's
total sales. In fiscal 2008, Henkel generated sales of 14.131 billion euros
($20.8 billion) and adjusted operating profit of 1.46 billion euros ($2.1
billion). Our more than 55,000 employees worldwide are dedicated to fulfilling
our corporate claim, "A Brand like a Friend," and ensuring that people in more
than 125 countries can trust in brands and technologies from Henkel.
Henkel Corporate Communications
For further information:
For further information: Cindy Demers, Henkel Corporate Communications,
+1-480-754-4090, firstname.lastname@example.org Web Site: http://www.henkelna.com