CARY, NC --
Lord Corp., a global developer and manufacturer of adhesion and bonding products, has signed a definitive agreement with Henkel KGaA of Duesseldorf, Germany, to purchase certain assets of Henkel's rubber-to-substrate bonding and rubber coating business. The business primarily serves automotive and industrial manufacturers of rubber molded and extruded components and includes the trade names Chemosil, Flocksil, Cuvertin and Sipiol.
Henkel employees performing technical and commercial functions and who have been primarily dedicated to this business will be transferred to Lord Corp. subsidiaries.
"The acquisition of this important business from Henkel will allow us to better serve our global customers in the European region and is in line with the strategic commitment Lord Corp. has to the European region in all areas of activities," said Rick McNeel, president and CEO of Lord Corp.
"We are committed to integrating human expertise and distinctive technology to provide solutions which enable our customers to reduce their total costs and improve productivity," added Eric Ravinowich, regional director, Lord Corp. (Europe) Ltd. "This acquisition will allow Lord to combine our current and emerging technologies for high-volume, automotive and industrial Noise Vibration Harshness (NVH) device manufacturers to resolve many of the challenges prevalent in the European and global markets."
The transaction is subject to customary closing conditions including the required antitrust approvals.
For more information about Lord Corp., visit: www.lord.com .
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