Henkel sold its European impregnation business, including the shares of Henkel Loctite KID GmbH, Hagen, Germany, to Alterauge Beteiligungs GmbH, a newly created acquisition vehicle with the former managing director of Henkel Loctite KID GmbH as the main shareholder.

Active M&A, one of our partners in Germany, acted as the exclusive sell-side M&A advisor in the sales process.

Founded in 1980, this business has over 40 years of history, strong growth, and international expansion. It is a leading supplier of vacuum impregnation services and porosity sealing solutions, leveraging fully automated impregnation systems and high-quality resins. Their services cover castings and electronics applications, with 15 service centers close to customers in Germany and key clients in Eastern Europe.

The foreign impregnation activities were part of Henkel's local affiliates. Due to the lack of international infrastructure from the purchaser, the foreign business was consolidated into a newly created affiliate of Henkel Loctite KID GmbH.

After a comprehensive international process, the seller ultimately chose the MBO option despite the added carve-out complexity. The transaction was successfully closed in November 2023. Since then, Henkel Loctite KID GmbH has operated under the name KID Imprägnier- und Dichttechnik GmbH.