FRANKFURT -(Dow Jones)- German consumer products maker Henkel AG & Co KGaA (HEN.XE) said Friday it has signed an agreement with Cytec Industries Inc. (CYT) to acquire its pressure-sensitive adhesives product range.
-Financial details of the transaction weren't disclosed.
-The Cytec pressure-sensitive adhesives operations generated sales of $94 million in 2011.
-The acquisition is expected to be completed in the third quarter of 2012, subject to certain conditions.
-Pressure sensitive adhesives are used in the packaging, automotive, electronic and durable goods industries.
-Frankfurt Bureau, Dow Jones Newswire; 49-69-29725-500
(END) Dow Jones Newswires
May 11, 2012 09:10 ET (13:10 GMT)
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