Henkel may make U.S. acquisitions: CEO in newspaper

In an interview, Chief Executive Hans van Bylen informed Welt am Sonntag that Henkel, a German consumer goods group, may expand its business further in the United States through acquisitions.

“If there are opportunities for acquisitions, we will take a look at whether they are a good fit in terms of strategy and price. In the United States we are for instance not yet a leading seller of beauty care products,” said the chief executive.

The beauty care brands of Henkel include Schwarzkopf and Syoss hair care products, and  Dial soap.

He also stated that there were opportunities around the world for purchases in the detergents, laundry care, and adhesives sectors.

Acquisitions are a fundamental part of Henkel’s strategy. Earlier in 2017, it made a binding offer to acquire Darex Packaging Technologies, a sealant maker, for $1.05 billion (£0.8 billion). In 2016, it spent $3.6 billion to acquire Sun Products, North American detergent maker that is known for its Snuggle brand.

Van Bylen also informed Welt am Sonntag regarding the improvement of profit margins at Henkel’s U.S brands Dial, Sun, and Pure.

“Henkel will have a very successful 2017 in the United States. That will also be reflected at the group level,” said Van Bylen.

Henkel is set to publish third-quarter financial results on November 14.