LORD Corporation Purchases Business Line of Henkel
CARY, N.C., June 2 /PRNewswire/ -- LORD Corporation -- a global developer and manufacturer of products and technologies that provide superior adhesion and bonding, control motion and minimize the effects of shock and vibration -- has today completed its acquisition of the rubber-to-substrate bonding and rubber coating business assets from Henkel KGaA, headquartered in Duesseldorf, Germany. The acquired business primarily serves automotive and industrial manufacturers of rubber molded and extruded components and includes the trade names Chemosil, Flocksil, Cuvertin and Sipiol. The manufacture of these products will remain within Henkel's Germany facilities using the same raw materials, processes and quality assurance measures. Henkel employees performing technical and commercial functions primarily dedicated to this business have transferred to LORD. "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 Corporation has to the European region in all areas of activities," said Rick McNeel, President and CEO of LORD Corporation. "This transaction enables automotive and industrial rubber parts manufacturers access to LORD Corporation's total portfolio of current and emerging technologies." "We are committed to delivering value by providing an integrated range of technology solutions, which enable our customers to reduce their total operating costs and improve productivity while enhancing their product quality and performance for competitive advantages," adds Eric Ravinowich, Regional Director, LORD Corporation (Europe) Ltd. "This acquisition allows LORD to combine our current and emerging technologies for high-volume, automotive and industrial Noise Vibration Harshness (NVH) device manufacturers to resolve many of the challenges prevalent in the European and global markets." About LORD Corporation With headquarters in Cary, NC, USA and sales in excess of $550-MM, LORD Corporation is a privately held company that designs, manufactures and markets devices and systems to manage mechanical motion and control noise and vibration; formulates, produces and sells general purpose and specialty adhesives and coatings; and develops products and systems utilizing magnetically responsive technologies. With manufacturing in eight countries and offices in more than 15 major business centers, LORD Corporation employs more than 2,400 worldwide. Visit www.lord.com for more information. Contact: Kimberly Kayler, +1-614-873-6706 or firstname.lastname@example.org Dawn Astorino, +1 919 468 5980 or email@example.com Ed Conner, +49 2433 525711 or firstname.lastname@example.org (Europe)
SOURCE LORD Corporation
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