Henkel has endorsed an agreement to obtain Swiss-primarily based ATP Adhesive Systems from Arsenal Capital Partners, marking a big move to amplify its footprint within the area of specialty tapes market.
ATP Adhesive Systems is known for high-performance, water-based tapes serving diverse sectors along with automotive, electronics, medical, construction, and graphics. The corporation works in Europe and North America, employs around 700 people, and is projected to create about €270 million in sales in fiscal year 2025.
“Increasing our portfolio via compelling, value-including M&A transactions is an crucial part of our practical growth agenda. This acquisition will permit similarly growth in our Adhesive Technologies business unit by growing our providing and capabilities in the tapes market with a broader range of development bonding solutions.
“The portfolio of ATP Adhesive Systems shows a strong complementary and strategic fit for us. It also matches with our sustainability focuses, as more than 90% of the portfolio make use of water-based technologies with a low carbon footprint,” stated Henkel CEO Carsten Knobel.
Mark Dorn, Executive Vice President and head of Henkel’s Adhesive Technologies business unit, brought: “With this acquisition, we are able to in further strengthen our Adhesive Technologies business unit.”
“The ATP Adhesive Systems business supply a compelling portfolio of water-based specialty tapes with growing use cases as a more sustainable options with low VOC (volatile organic compounds) levels and therefore driving growth well above the wider tapes industry. It also provides state-of-the-art production facilities and technological competencies to similarly improve our portfolio and to establish the foundation of a platform that extends beyond liquid technologies while increasing development in sustainability.”
The deal is concern to customary closing conditions, together with regulatory approvals. Financial terms of the transaction have not been disclosed.
