Global adhesives, sealings, and coatings producer Henkel has reached an agreement to acquire Swiss company ATP Adhesive Systems from Arsenal Capital Partners.
A leading expert in high-performance water-based specialty tapes for a wide variety of end-markets, ATP has a strong presence in Europe and North America, employs around 700 people and generated sales of around €270 million (expected) in 2025.
Henkel CEO, Carsten Knobel, said: “Expanding our portfolio through compelling, value-adding M&A transactions is an integral part of our purposeful growth agenda. This acquisition will enable further growth in our Adhesive Technologies business unit by increasing our offering and capabilities in the tapes market with a broader range of innovative bonding solutions. The portfolio of ATP Adhesive Systems represents a strong complementary and strategic fit for us. It also aligns with our sustainability targets, as more than 90 per cent of the portfolio utilise water-based technologies with a low carbon footprint.”
The acquisition is subject to customary closing conditions, and neither party has agreed to disclose the financial terms of the transaction.
“With this acquisition, we will further strengthen our Adhesive Technologies business unit,” said Mark Dorn, Executive Vice President and responsible for Henkel’s Adhesive Technologies business unit.
“The ATP Adhesive Systems business delivers a compelling portfolio of water-based specialty tapes with increasing use cases as a more sustainable alternative with low VOC (volatile organic compounds) levels and consequently driving growth well above the broader tapes industry. It also offers state-of-the-art production facilities and technological capabilities to further enhance our portfolio and to establish the foundation of a platform that extends beyond liquid technologies while accelerating innovation in sustainability.”
Photo: Henkel/ATP
