Henkel in talks to buy Darex Packaging from GCP Applied for $ 1.05 bn

German adhesives major Henkel has entered into exclusive negotiations with GCP Applied Technologies to acquire its global Darex Packaging Technologies business for $ 1.05 billion million (around Euro 995 million) on a cash and debt free basis.

Henkel has submitted a binding offer for the Cambridge (Massachusetts, USA) based Darex Packaging Technologies business. Darex supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans, ensuring with its solutions the highest quality standards for many best-known brands. In fiscal 2016, Darex Packaging Technologies generated sales of around $