Henkel Announces Sale of Duck®, Painter's Mate Green® and Easy Liner® Brands in U.S. and Canada
Rocky Hill, Conn., June 2, 2009 - 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®, Pro-Series®, 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 industryleading 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. Visit www.henkelna.com for
more information.
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 fastmoving 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.
Contact:
Cindy Demers
Henkel Corporate Communications
Tel: 480-754-4090
E-mail: cindy.demers@us.henkel.com
