Henkel signed an agreement to acquire The Bergquist Company, a privately-held leading supplier of thermal-management solutions for the electronics industry worldwide.
Based in Chanhassen MN, Bergquist supplies thermal-management solutions for electronic applications, serving a variety of industries ranging from automotive to consumer and industrial electronics as well as LED lighting, in North America, Asia-Pacific and Europe. In fiscal 2013, Bergquist generated sales of around 130-million-euros. The company has about 1,000 employees and six production sites – five in the US and one in China.
“This acquisition is in line with our global strategy to invest in complementary leading technologies. We are strengthening our position as a global market and technology leader,” says Jan-Dirk Auris, executive vice-president adhesive technologies. “Bergquist’s track record in developing unique thermal-management solutions fits with our commitment to provide best-in-class customized solutions.” In fiscal 2013, the Adhesive Technologies business unit generated sales of more than 8 billion euros, making Henkel the leading solution provider for adhesives, sealants and functional coatings.
Both parties agreed not to disclose any financial details about the transaction, which will be accretive to earnings upon closing. The acquisition is subject to approval from anti-trust authorities.