Sources: GCP Applied Technologies Inc., Cambridge, Mass.; CP staff
A binding, $1 billion offer from Germany’s Henkel AG & Co. for GCP Applied Technologies’ Darex Packaging business positions the seller to pursue growth opportunities in concrete admixtures and other construction or building materials. “The transaction will allow us to enhance our focus and provide a strong balance sheet for internal investment and bolt-on acquisitions necessary to provide new products, technologies, and solutions that offer layers-of-value for our customers,” says GCP CEO Gregory Poling.
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