Henkel’s $1.05 Million acquisitions of Darex Packaging Technologies


Latham & Watkins, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, Baker McKenzie and Trench, Rossi e Watanabe advised on the deal

Darex is based in Cambridge, MA, USA and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans. The acquisition was announced at the beginning of March. The purchase price amounted to 1,050 million US dollars (around 919 million euros) on a cash and debt free basis.

In fiscal 2016, Darex Packaging Technologies generated sales of 309 million US dollars (around 290 million euros). Darex has about 700 employees and 20 sites in 19 countries.

In fiscal 2016, Henkel’s Adhesive Technologies business unit generated sales of around 9 billion euros, making Henkel the leading solution provider for adhesives, sealants and functional coatings.

Latham & Watkins LLP advised Henkel AG & Co. KGaA and Henkel Ltda. with Harald Selzner (Picture), Thomas E. Keim, Jr., Martin Neuhaus Robin Struve, Catherine Drinnan, Tobias Leder, Charles-Antoine Guelluy, David Kuiper, Tim Odendahl, Gerrit Henze, Daniel Breslin, Emily Stegich, Ashley Wagner, Meredith Peake, Shaun Thompson and François Proveau.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Henkel AG & Co. KGaA and Henkel Ltda. with Pedro Whitaker de Souza Dias, Cleber Venditti da Silva, Renata Fonseca Zuccolo Gianella, Amadeu Carvalhaes Ribeiro, Guilherme Woo de Moraes Terra, Ana Candida Sammarco, Luis Eduardo Bologna Tierno, Bruna Pavanello, Nicholas David Myers, José Daniel Gatti Vergna and Raphaela Boffe Palma.

Baker McKenzie advised GCP Applied Technologies Inc. with Marc Paul, Daniel De Deo and Sherif Ali.

Trench, Rossi e Watanabe advised GCP Applied Technologies Inc. with Mauricio Pacheco, Débora Cabral and Melanie Toledo.

Involved fees earner: Melanie von Staa Toledo – Trench, Rossi and Watanabe Advogados; Débora Cabral – Trench, Rossi and Watanabe Advogados; Mauricio Pacheco – Trench, Rossi and Watanabe Advogados; Pedro Whitaker de Souza Dias – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Guilherme Woo de Moraes Terra – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luis Eduardo Bologna Tierno – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bruna Pavanello – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Nicholas David Myers – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Cleber Venditti da Silva – Mattos Filho Veiga Filho Marrey Jr & Quiroga; José Daniel Gatti Vergna – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Renata Fonseca Zuccolo Giannella – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Amadeu Carvalhaes Ribeiro – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Raphaela Boffe Palma – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Ana Candida Sammarco – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Harald Selzner – Latham & Watkins; Thomas Keim Jr. – Latham & Watkins; Charles-Antoine Guelluy – Latham & Watkins; Tim Odendahl – Latham & Watkins; Daniel Breslin – Latham & Watkins; Emily Taylor – Latham & Watkins; Robin Struve – Latham & Watkins; Catherine Drinnan – Latham & Watkins; Tobias Leder – Latham & Watkins; Ashley Wagner – Latham & Watkins; Shaun Thompson – Latham & Watkins; François Proveau – Latham & Watkins; David Kuiper – Latham & Watkins; Marc Paul – Baker & McKenzie; Sherif Ali – Baker & McKenzie; Daniel Rafaello De Deo – Baker & McKenzie;

Law Firms: Trench, Rossi and Watanabe Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Latham & Watkins; Baker & McKenzie;

Clients: Henkel AG & Co. KGaA; GCP Applied Technologies Inc.;