HENKY Henkel AG and Company KGAA (PK)

   By Joshua Kirby 
 

German speciality-chemicals company Altana said Monday that it has acquired Henkel AG & Co. KGaA's closure-materials business for an undisclosed sum.

The acquisition of the German consumer-goods company's closure-materials business entails the takeover of technologies and customer relationships and will strengthen Altana's range of PVC-free sealants for the packaging industry, the company said. The business will be integrated into Altana's ACTEGA division.

The two companies have agreed not to disclose the purchase price, Altana said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

May 10, 2021 05:18 ET (09:18 GMT)

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