Henkel to acquire Pressure Sensitive Adhesives from Cytec

Henkel has signed an agreement with Cytec Industries Inc.(USA) to acquire its high-performance pressure sensitive adhesives (PSA) product range. Pressure sensitive adhesives are specialized adhesives used in the packaging, automotive, electronic and durable goods industries for foils and films, tapes or labels offering high performance adhesive characteristics. In fiscal 2011, Cytec´s PSA product range generated sales of 94 million US dollars. The business includes about 80 employees. The agreement on the sale was signed on May 11, 2012. The acquisition is subject to satisfaction of certain conditions and is expected to be closed in the third quarter 2012.