05.11.18
Henkel signed an agreement with the Acasta Enterprises Inc. to acquire JemPak Corporation, Canada, for approximately €77 million on a cash free and debt free basis.
Based in Concord, Canada, JemPak Corporation reported sales of €60 million in fisucal 2017. The company, which employs about 140 people, is focused on the US and the Canadian laundry and home care retailer brands business and offers products in growing categories such as automatic dishwashing, laundry caps and fabric finishers. It operates two manufacturing sites.
“This acquisition complements and strengthens our existing laundry and home care portfolio in North America. We will further expand our No. 2 market position in this attractive market and will strengthen our leading position in the retailer brands category in North America,” explained Bruno Piacenza, executive vice president and responsible for Henkel’s Laundry & Home Care business.
The closing of the transaction is subject to customary closing conditions and is expected to close on or about May 31, 2018.
Based in Concord, Canada, JemPak Corporation reported sales of €60 million in fisucal 2017. The company, which employs about 140 people, is focused on the US and the Canadian laundry and home care retailer brands business and offers products in growing categories such as automatic dishwashing, laundry caps and fabric finishers. It operates two manufacturing sites.
“This acquisition complements and strengthens our existing laundry and home care portfolio in North America. We will further expand our No. 2 market position in this attractive market and will strengthen our leading position in the retailer brands category in North America,” explained Bruno Piacenza, executive vice president and responsible for Henkel’s Laundry & Home Care business.
The closing of the transaction is subject to customary closing conditions and is expected to close on or about May 31, 2018.
