# Henkel bids $1.05B for Darex Packaging Technologies from GCP

Henkel opened exclusive negotiations with GCP Applied Technologies to acquire Darex Packaging Technologies, a Cambridge, Massachusetts maker of sealants and coatings for metal packaging, for USD 1.05 billion in cash. Darex has about 700 employees at 20 sites.

- Type: Acquisition
- Announced: 2017-02-03
- Where: Cambridge, Massachusetts, United States
- Value: $1.05B
- Status: announced
- Products: sealants, coatings for metal packaging, adhesive technologies
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Henkel](https://endata.com/companies/667.md) (acquirer)
- [Darex Packaging Technologies](https://endata.com/companies/881.md) (target)
- [GCP Applied Technologies](https://endata.com/companies/882.md) (partner)
- [Darex Packaging](https://endata.com/companies/1040.md) (target)

## Sources

- [henkel.fr](https://www.henkel.fr/presse-et-medias/communiques-et-actualites/2017-03-02-henkel-fait-une-offre-pour-l-acquisition-de-darex-packaging-technologies-746034), 2017-02-03: "Henkel a ouvert des négociations exclusives avec GCP Applied Technologies pour acquérir Darex Packaging Technologies pour un montant de 1 050 millions de dollars américains"
- [boston.citybuzz.co](https://boston.citybuzz.co/article/405610/gcp-applied-technologies-receives-binding-offer-from-henkel-to-acquire-darex-packaging-technologies), 2017-03-02: "GCP Applied Technologies Inc. (NYSE: GCP) has received a binding offer from Henkel to acquire GCP's global Darex Packaging Technologies business for approximately $1.05 billion."
- [thestar.com.my](https://www.thestar.com.my/business/business-news/2017/03/03/henkel-makes-us105bil-offer-to-buy-darex-packaging/), 2017-03-02: "If it goes ahead, the deal would add the world's leading maker of sealants for beverage, food and aerosol cans to Henkel's adhesives division."
- [cen.acs.org](https://cen.acs.org/articles/95/i10/Henkel-buy-Darex-Packaging.html), 2017-03-06: "Henkel will pay more than $1 billion to acquire GCP Applied Technologies' Darex Packaging Technologies, a leading maker of can sealants and coatings for metal packaging."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/24), 2017-03-29: "Henkel has made an offer to acquire Darex Packaging Technologies from GCP Applied Technologies for around $1.05 bn (£0.86bn)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.