Henkel
This article was originally published in The Rose Sheet
Executive Summary
Completion of the Dial purchase will result in an "immediate increase" in Henkel's operating profit, Dusseldorf, Germany firm announces during annual general meeting April 19. Henkel previously estimated the acquisition would add $1.48 bil. (€1=$1.23) to net revenue. "With Dial having generated sales of €1.2 bil. in fiscal 2003, the structure of Henkel group is bound to undergo significant changes both in terms of product portfolio and regional weighting," President and CEO Ulrich Lehner added. Dial shareholders approved the $2.9 bil. acquisition in March (1"The Rose Sheet" March 29, 2004, In Brief). Henkel said future Dial R&D will focus on products that address the "biologically active" portion of hair...