Breaking News

Henkel Buys Household and Hair Care Companies

July 2, 2014

GERMANY: Henkel recently closed several deals in a one-week span early last month.

Henkel’s $1.28 billion acquisition of Spotless Group will add laundry products Dylon, Eau Ecaralate, Grey and Catch.

“This acquisition is part of Henkel’s global strategy to selectively invest in attractive country category positions in mature markets,“ said Henkel CEO Kasper Rorsted. “By acquiring the Spotless Group, we will strengthen our market position and enter highly profitable growth segments. The transaction will be immediately accretive to earnings.”

In personal care, Henkel acquired Kenra, Sexy Hair and Alterna from TSG Consumer Partners for $370 million. The move will boost its salon business. In fiscal 2013, the acquired companies generated sales of about $189 million.

“This acquisition is part of our strategy to invest in attractive country category positions in mature markets,” said Rorsted. “North America is the biggest single market for Henkel and with these companies, we will further strengthen our presence in this region.”
blog comments powered by Disqus
  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Jam On It!

    Jam On It!

    Melissa Meisel, Associate Editor||September 19, 2016
    Jamberry sees success in artsy nail accessories.

  • Expanding Erbaviva

    Expanding Erbaviva

    Christine Esposito, Associate Editor||September 13, 2016
    A farm-to-bottle organic brand celebrates its 20th anniversary with a new look, new products and plans to expand in the US.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.