# Henkel to acquire GCP's Darex Packaging Technologies unit for about $1.05 billion

GCP Applied Technologies countersigned a Stock and Asset Purchase Agreement with Henkel on April 27, 2017, for Henkel to acquire its Darex Packaging Technologies business for approximately $1.05 billion. Completion is expected in mid-2017, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2017-04-27
- Value: $1.05B
- Status: announced
- Products: container sealing and packaging technologies
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [marketexclusive.com](https://marketexclusive.com/gcp-applied-technologies-inc-nysegcp-files-an-8-k-entry-into-a-material-definitive-agreement-2/2017/04/), 2017-04-28: "the Company accepted Henkel's offer and countersigned the Stock and Asset Purchase Agreement"

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