2014-2016 Exhibitions
Henkel, the German adhesive, sealants and functional coatings provider has signed an agreement to acquire The Bergquist Company, a privately-held and leading global supplier of thermal-management solutions for electronics applications that is based in Chanhassen, Minneapolis, US.
Henkel says that Bergquist’s strong business presence in the Asia Pacific (APAC) region can further advance the firm’s production and R&D capabilities and help deliver greater sustainable solutions to the region.
Bergquist, which has five production sites in the US and one in China, has generated sales of around EUR130 million in fiscal 2013. The company has about 1,000 employees.
Last year, Henkel Adhesive Technologies increased its APAC presence further by opening the world’s largest adhesives plant – Dragon Plant. In the second quarter of fiscal 2014, the Henkel Adhesive Technologies business unit generated a 17.5% return on sales, with APAC markets posting the highest growth.
(PRA)
