Henkel sees further acquisition potential (translated)
23 SEP 2018
Henkel [ETR:HEN3], the German household chemical company, sees further acquisition potential, Chief Financial Officer Carsten Knobel told Boersen-Zeitung.
During a conversation with the German-language daily, he said acquisitions are a particularly likely strategy in cases where the company enters a new business category.
Asked whether the skincare operations being sold by Swiss food company Nestle [SWX: NESN] would be of interest, he merely said that Henkel is always reviewing the market for possible takeovers. Henkel is big enough to grow in all its major divisions, including beauty care, he said.
Acquisitions since 2012 have brought Henkel more than EUR 3bn in additional revenues, he noted. For the company's current strategic cycle, it has defined M&A as an integral component of its strategy. In 2017, Henkel spent almost EUR 2bn on acquisitions, according to the interview. However, Knobel said the company currently is integrating the many acquisitions it made in recent years.