Henkel acquires Wembley Lab units
German consumer goods and leading adhesive manufacturer Henkel on Friday said it has acquired the marketing, distribution and sales (consumer adhesive products) divisions of New Delhi-based Wembley Laboratories Ltd.
By PTI |
CHENNAI: German consumer goods and leading adhesive manufacturer Henkel on Friday said it has acquired the marketing, distribution and sales (consumer adhesive products) divisions of New Delhi-based Wembley Laboratories Ltd.
This includes Quickfix, a leading brand in the Indian rubber adhesive market, as well as subsidiary brands like Quickcol, Quicktite and Durifix, a company release said here on Friday.
"This acquisition is a perfect complement of our existing portfolio," Sanjay Kumaria, Business Manager, Consumer Adhesives, Henkel Technologies India Pvt Ltd said.
Sanjay said the company had acquired a successful business with well known brands, which would strengthen the company's business with consumer and craftsmen adhesives in India.
The deal value was not disclosed.
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