Henkel Corporation – the North American arm of the German-based giant Henkel AG & Co – has announced the acquisition of Magna-Tech Manufacturing, a market leader in vacuum impregnation services.
The company has a focus on process center capabilities and will function as a subsidiary of Henkel Corporation, forming part of its Adhesive Technologies business. The acquisition also adds to Henkel’s existing network of European and Asian process centers and will enhance its foothold in impregnation services.
And with Henkel’s Adhesive Technologies business being the leading solution provider for adhesives, sealants and functional coatings worldwide, the acquisition of Magna-Tech Manufacturing is said to strongly boost this business with its complementary services.
Angela Cackovich, Corporate Vice President, Transportation and Metals, Henkel Corporation, North America and Latin America North said, “The addition of Magna-Tech as a subsidiary of Henkel will help expand our role from a resin provider for vacuum impregnation to one that also offers process center services and equipment solutions.”