Lord Corp. Agrees to Purchase Business Line of Henkel

Lord Corp., headquartered in Cary, NC, has signed a definitive agreement with Henkel KGaA of Dusseldorf, Germany, to purchase certain assets comprising Henkel's rubber-to-substrate bonding and rubber coating business.

The transaction is subject to the customary closing conditions including required antitrust approvals. The business primarily serves automotive and industrial manufacturers of rubber molded and extruded components and includes the trade names Chemosil, Flocksil, Cuvertin and Sipiol. Henkel employees performing technical and commercial functions and who have been primarily dedicated to this business are planned to transfer to Lord Corp. subsidiaries.

Lord Corp. is a global developer and manufacturer of products and technologies that provide adhesion and bonding, control motion and minimize the effects of shock and vibration.