Henkel Corporation on June 2 announced the sale of its business conducted under the Duck, Painter's Mate Green and Easy Liner brands in the U.S. and Canada to Shurtape Technologies LLC or one of Shurtape's affiliates. Shurtape is based in Hickory, N.C., and has been a long-term supplier to Henkel. The brands sold are the do-it-yourself (DIY) line of tapes, office and houseware products, including Duck brand duct tape and stationery, mailing and shipping, and kitchen and bath products. Included in the sale are certain worldwide rights to these brands as well as Henkel's Avon, Ohio, facility.
"This sale fits our strategic direction, which is to focus on our core adhesives businesses. We're proud of the achievements of these brands and the dedicated employees who have worked hard to make them successful," said Julian Colquitt, president of Henkel Adhesive Technologies, North America.
"This transaction is a logical step in formalizing a 40-year relationship with Henkel Corporation. The combination of Henkel's strong consumer brands with Shurtape's professional brands and manufacturing base will drive innovation and value for our retail partners," said Jim Shuford, president and CEO, Shurtape Technologies LLC.
Henkel's Avon location, which markets and distributes the Duck, Painter's Mate Green and Easy Liner brands, includes a staff of 350 employees.
Henkel's Pritt, Loctite, LePage, Pro-Series, PL, and Polyseamseal brands and the corresponding construction adhesives, sealants, and general adhesives businesses are not part of this sale.
Shurtape Technologies is an industry-leading producer of pressure sensitive masking, duct, packaging and specialty tape products, with facilities in the United States, Canada, Germany, Mexico, Peru, United Arab Emirates and China. The company services numerous markets including industrial, packaging, HVAC, professional paint, auto, marine, aerospace, arts and entertainment, and retail.