Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Henkel wants to expand in hair care, mulls M&A -German paper Welt

Published 04/01/2015, 01:03
Updated 04/01/2015, 01:10
© Reuters. Bagel-Trah, supervisory board of consumer group Henkel and CEO Rorsted pose before the annual shareholders meeting in Duesseldorf
GS
-
HNKG_p
-
BEIG
-
PG
-

FRANKFURT (Reuters) - German consumer goods and industrial glue maker Henkel (DE:HNKG_p) wants to expand in the area of consumer branded goods and hair care and could consider a large acquisition, the company's chairwoman told German newspaper Welt am Sonntag.

"In the future I will not rule out small mid sized or even large acquisitions," Simone Bagel-Trah, who heads the company's supervisory board, is quoted as saying.

"We want to improve our position in consumer goods in areas where we are already good. We are leading in the area of hair care, styling and hair dye," according to comments attributed to Bagel-Trah by the paper.

"In the area of adhesives we want to secure and expand our technology leadership," Bagel-Trah is further quoted as saying in an advance copy of Sunday's Welt am Sonntag.

A spokeswoman for Henkel on Saturday declined to comment on potential acquisition targets.

Reuters reported in late November that U.S. rival Procter & Gamble Co (N:PG) is working with Goldman Sachs (N:GS) to explore the sale of its Wella hair care business that could be worth around $7 billion, sources familiar with the matter told Reuters.

(Reporting by Edward Taylor; Editing by Stephen Powell)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.