Henkel sells its the industrial-water-treatment business

By: trademagazin Date: 2008. 01. 15. 00:00

Israel Chemicals Ltd.'s subsidiary BK Giulini agreed to pay 60 million euros fo rthe unit.

Currently, HWT employs 180 people in sales, service, research and development and in the production plant in Henkel Concorde. As a result of the acquisition ICL will employ most of these employees.

Within Henkel's portfolio, the water treatment business is a non-core activity. In 2006, the business unit had sales of 52 million euros, a gross margin of approximately 53 percent and operating margin of 13 percent.