WINDSOR LOCKS, Conn. (June 21)—Dexter Corp. has agreed to sell its electronic materials, adhesives and polymer systems businessesÃincluding the Dexter Frekote mold release divisionÃto Loctite Corp., a subsidiary of Germany´s Henkel Group. Loctite will pay Dexter $400 million in cash for the businesses, which recorded $236 million in sales last year. Besides serving as mold releases for rubber and polyurethane processing, Frekote resins are used in the aerospace and reinforced plastics industries, according to the company. Dexter´s board of directors and Henkel´s management board have approved the deal, but is still subject to requisite regulatory clearances and the approval of the Henkel´s shareholders´ committee.
Dexter Corp. selling Frekote to Loctite
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