LORD Corporation – a global developer and manufacturer of products and technologies that provide adhesion and bonding, control motion and minimize the effects of shock and vibration – on June 2 completed its acquisition of the rubber-to-substrate bonding and rubber coating business of Henkel KGaA, headquartered in Düesseldorf, Germany.
The acquired business primarily serves automotive and industrial manufacturers of rubber molded and extruded components and includes the trade names Chemosil, Flocksil, Cuvertin and Sipiol. The manufacture of these products will remain within Henkel’s
“The acquisition of this important business from Henkel allows us to work more closely with our European-based global customers and is in line with the strategic commitment LORD Corporation has to the European region in all areas of activities,” said Rick McNeel, president and CEO of LORD Corporation. “This transaction enables automotive and industrial rubber parts manufacturers access to LORD Corporation’s total portfolio of current and emerging technologies.”
“We are committed to delivering value by providing an integrated range of technology solutions, which enable our customers to reduce their total operating costs and improve productivity while enhancing their product quality and performance for competitive advantages,” adds Eric Ravinowich, regional director, LORD Corporation (Europe) Ltd. “This acquisition allows 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.”
