PCI Group completes acquisition of Henkel’s professional Western European Building Material Business
PCI Group completes acquisition of Henkel’s professional Western European Building Material BusinessWith effect 2017, the professional Western European Building Material Business sold under the Thomsit and Ceresit brands for flooring and tiling systems and waterproofing have become part of the portfolio of the PCI Group, a wholly-owned subsidiary of BASF. The management team welcomed the new colleagues to the German facilities in Düsseldorf and Unna as well as the plant in Oosterhout, the Netherlands.
The transaction includes Henkel’s flooring technology business under the brand name of Thomsit in Western Europe as well as the global rights to the Thomsit brand. Also included in the transaction is the business of Henkel with flooring and tiling systems as well as waterproofing products in Western Europe, which is operated under the licensed brand of Ceresit. “This transaction underlines our clear commitment to the expansion of our construction chemicals portfolio and to the PCI brand,” said Ralf Spettmann, President of BASF’s Construction Chemicals division.
PCI Augsburg GmbH will be establishing a flooring technology business area under the lead brand of Thomsit. “The brand will continue to be supported by the Thomsit sales and service employees who are well known in the marketplace and will complement PCI brand products in the flooring technology field,” said Marc C. Köppe, Chairman of the Board of Management of PCI Augsburg GmbH.
PCI will lease the Henkel plant in Unna for two to three years and then continue production at its three existing facilities. There are plans for investments especially at the Hamm plant, which is located close to Unna. Among other investments, a new high-bay warehouse and additional production facilities will be installed.
“We will integrate the Thomsit and Western European Ceresit business into the PCI structures rapidly and efficiently. Our top priority is to meet customers’ requirements in the manner to which they have been accustomed without any interruptions or restrictions,” Köppe emphazised.