06/02/2009, Rocky Hill, Conn.

 

 
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Name Cindy Demers
  VP Corporate Communications North America
Phone +1 480-754-4090
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Henkel Announces Sale of Duck®, Painter’s Mate Green® and Easy Liner® Brands in U.S. and Canada

Henkel Corporation today announced the sale of its business conducted under the Duck®, Painter’s Mate Green® and Easy Liner® brands in the U.S. and Canada to Shurtape Technologies, LLC or one of Shurtape’s affiliates. Shurtape is based in Hickory, North Carolina, and has been a long-term supplier to Henkel.

The brands sold are the do-it-yourself (DIY) line of tapes, office and houseware products, including Duck® brand duct tape and stationery, mailing and shipping, and kitchen and bath products. Included in the sale are certain worldwide rights to these brands as well as Henkel’s Avon, Ohio, facility.

“This sale fits our strategic direction, which is to focus on our core adhesives businesses. We’re proud of the achievements of these brands and the dedicated employees who have worked hard to make them successful,” said Julian Colquitt, President of Henkel Adhesive Technologies, North America.

“This transaction is a logical step in formalizing a 40-year relationship with Henkel Corporation. The combination of Henkel’s strong consumer brands with Shurtape’s professional brands and manufacturing base will drive innovation and value for our retail partners,” said Jim Shuford, President & CEO, Shurtape Technologies LLC.

Henkel’s Avon location, which markets and distributes the Duck®, Painter’s Mate Green® and Easy Liner® brands, includes a staff of 350 employees.

Henkel’s Pritt®, Loctite®, LePage®, OSI®, PL®, and Polyseamseal® brands and the corresponding construction adhesives, sealants, and general adhesives businesses are not part of this sale.

Shurtape Technologies, LLC, headquartered in Hickory, North Carolina, is an industry-leading producer of pressure sensitive masking, duct, packaging and specialty tape products, with facilities in the United States, Canada, Germany, Mexico, Peru, United Arab Emirates and China.  The company services numerous markets including industrial, packaging, HVAC, professional paint, auto, marine, aerospace, arts and entertainment, and retail.  www.shurtape.com

Henkel in North America
Henkel markets a wide range of well-known consumer and industrial brands in North America, including Dial® soaps, Purex® laundry detergents, Right Guard® antiperspirants, got2b® hair gels, and Loctite® adhesives.

For more than 130 years, Henkel has been a leader with brands and technologies that make people's lives easier, better and more beautiful. Henkel operates in three business areas – Home Care, Personal Care, and Adhesive Technologies – and is ranked among the Fortune Global 500 companies. More than 60 percent of Henkel’s sales are in fast-moving consumer goods, while the industrial business accounts for almost 40 percent of the company’s total sales. In fiscal 2008, Henkel generated sales of 14.131 billion euros ($20.8 billion) and adjusted operating profit of 1.46 billion euros ($2.1 billion). Our more than 55,000 employees worldwide are dedicated to fulfilling our corporate claim, "A Brand like a Friend," and ensuring that people in more than 125 countries can trust in brands and technologies from Henkel.