Henkel completes sales of Cognis

Related tags Cognis Goldman sachs

Henkel KgaA has agreed to sell its chemical division Cognis to a
consortium of financial investors comprising of Schroder Ventures
and Goldman Sachs Capital Partners.

Henkel KgaA, the German group providing branded consumer products and industrial systems, has agreed to sell its chemical division Cognis to a consortium of financial investors comprising of Schroder Ventures, an European private equity specialist based in London, and Goldman Sachs Capital Partners, the private equity branch of Goldman Sachs. The transaction is based on an enterprise value of Euro2.6bn. Henkel​ has succeeded in finding purchasers who can support the continued development of Cognis. The definite purchase agreement was signed by the parties on September 12, 2001. Closing is planned for end of November 2001. Due to the current conditions in the financial markets arising from the tragic events in the United States, Henkel has granted to the investors the absolute right to withdraw from the contract within two months. The agreement is subject to customary closing conditions, including relevant regulatory approvals. The proceeds from the sale of Cognis​ will increase Henkel's debt capacity substantially and will be used for the further development of the core businesses. Cognis Group comprises of Oleochemicals, Care Chemicals and Organic Specialties. With 9,100 employees in 50 countries, Cognis generated sales of Euro3.2bn in 2000 and accounted for 23 per cent of Henkel Group's total sales. In the first half-year of 2001, Cognis sales increased 4 per cent to Euro1.5bn and operating profit rose 3.6 per cent to Euro116m.

Related topics Cereals and bakery preparations

Related products

show more

Palate Predictions: Top Flavor Trends for 2024

Palate Predictions: Top Flavor Trends for 2024

Content provided by T. Hasegawa USA | 08-Jan-2024 | Application Note

As consumers seek increased value and experience from food and beverages, the industry relies on research to predict category trends. Studying trends that...

Oat Groats – Heat-treated Oat Kernels

Oat Groats – Heat-treated Oat Kernels

Content provided by Lantmännen Biorefineries AB | 06-Dec-2023 | Product Brochure

Lantmännen offers now Oat Groats: Heat-treated oat kernels, also known as oat groats or kilned oats, undergo heat treatment to inhibit enzymes that could...

Tomorrow’s bakery shortenings. Today.

Tomorrow’s bakery shortenings. Today.

Content provided by Cargill Oils | 31-Aug-2023 | White Paper

“The Next Generation of Bakery Shortenings” addresses the challenges of today’s functional issues and consumer taste preferences. To say bakery fats are...

Related suppliers

Follow us


View more