Adhesives, sealants and functional coatings supplier Henkel Adhesive Technologies announced it has acquired U.S.-based Critica Infrastructure, a specialized supplier of maintenance, repair and overhaul composite solutions.
Financial details were not disclosed. In fiscal 2023, Critica is expected to report sales of around $110 million. The company employs around 250 people and has eight production sites, most of them in the U.S. The business supplies products to about 3,000 asset owners, contractors, and distributors, according to a news release.
“As part of our strategic growth agenda, compelling acquisitions play a key role in actively shaping our portfolio,” said Henkel CEO Carsten Knobel. “This transaction is an important step to significantly strengthen our maintenance, repair and overhaul portfolio in a dynamically growing market by expanding our offering through innovative solutions in adjacent application areas. Our aim is to create a new platform that will enable us to add further adjacent businesses, stimulate further growth and enhance our position as global leader in the adhesive technologies market.”
Mark Dorn, Executive Vice President and responsible for Henkel’s Adhesive Technologies business, added, “We are excited about the opportunity to add this strong innovative portfolio of fast-growing and highly profitable MRO solutions to our Adhesive Technologies business. It is a strong strategic fit to our existing portfolio, adding highly complementary repair solutions, which clearly contribute to shaping the sustainability megatrend. The transaction will enable us to create a growth platform for our MRO business, giving us access to leading maintenance service providers and contractors as well as pioneering and certified technologies for critical infrastructure.”