Henkel AG & Co. KGaA

Dial/Henkel joint venture changes

    Düsseldorf (ots-PRNewswire) - Henkel KGaA, Düsseldorf, and The Dial Corporation, Scottsdale, Arizona, USA, today announced they have modified their joint venture agreements in the United States and Mexico.          Henkel and Dial will continue to own a limited US joint venture equally; however, the only business to be conducted by the joint venture going forward will be the Custom Cleaner home drycleaning business. Dial will continue to market, sell and distribute the Custom Cleaner products on behalf of the US joint venture. Dial and Henkel have also agreed to terminate the license of the Purex trademark to both the US and Mexico joint ventures.          In addition, Henkel has purchased Dial's interest in the Mexico joint venture for $18.9 million.          Klaus Morwind, Executive Vice President Detergents/Household Cleaners of Henkel KGaA, states: "The business development of our joint venture with Dial in the US came out significantly below our expectations. The introduction of Purex Advanced was not successful and therefore the Dial/Henkel joint venture needed a refocus. Ending our marketing efforts for Purex Advanced will allow us now to better focus on selective growth markets in the Americas like Mexico."          Henkel is a worldwide operating specialist in adhesives, brand- name products and in industrial specialities with affiliates in over 70 countries. The Company is the market leader in adhesives, surface technologies and industrial and institutional hygiene (jointly with Ecolab Inc.) on a worldwide scale. In detergents it ranks second in Continental Europe and in cosmetics Henkel holds the number three position in Europe. Cognis, the recently carved-out chemicals business, is the world's leading producer of oleochemicals.          With over 60,000 employees, Henkel generated sales of 9.4 billion euro in the first nine months of 2000, 12.1 per cent up on the same period last year. Operating profit increased by 11.3 per cent to 704 million euro.      ots Original Text Service: Henkel Internet: http://recherche.newsaktuell.de

Contact: Investor Relations Magdalena Moll Phone: +49-2 11-7 97 16 31 Fax: +49-2 11-7 98 28 63 magdalena.moll@henkel.de Waltraud Müller Phone: +49-2 11-7 97 72 78 Fax: +49-2 11-7 98 28 63 waltraud.mueller@henkel.de Christoph Wallrafen Phone: +49-2 11-7 97 18 20 Fax: +49-2 11-7 98 28 63 christoph.wallrafen@henkel.de

Original-Content von: Henkel AG & Co. KGaA, übermittelt durch news aktuell

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