# Henkel offers $1.05 billion for GCP's Darex Packaging Technologies unit

Henkel made a binding offer to acquire GCP Applied Technologies' Darex Packaging Technologies business for about $1.05 billion, subject to works council consultation and valid until July 3, 2017.

- Type: Acquisition
- Announced: 2017-03-02
- Value: $1.05B
- Status: announced
- Products: container sealing compounds
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Darex Packaging Technologies](https://endata.com/companies/881.md) (target)
- [GCP Applied Technologies](https://endata.com/companies/882.md) (partner)
- [Henkel AG & Co. KGaA](https://endata.com/companies/1037.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1644440/000119312517066544/d334050d8k.htm), 2017-03-02: "Henkel made a binding offer (the "Offer") to acquire the Company's Darex Packaging Technologies business (the "Business") for approximately $1.05 billion"

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