CARY, N.C. (June 2) — Lord Corp. has completed its acquisition of the rubber-to-substrate bonding and rubber coating business of Dusseldorf, Germany-based Henkel K.G.
The acquired business primarily serves automotive and industrial manufacturers of rubber molded and extruded components. The company did not release the cost of the transaction or the number of employees involved. It did say that Henkel employees performing technical and commercial functions primarily dedicated to the business have transferred to Lord.
Production of the acquired businesses´ products will remain within Henkel´s Germany facilities using the same raw materials, processes and quality assurance measures, the company said.
"The acquisition of this important business from Henkel allows us to work more closely with our European-based global customers and is in line with the strategic commitment Lord has to the European region in all areas of activities," said Rick McNeel, Lord president and CEO.