Just recently, Henkel Corp., the U.S.s subsidiary of Henkel KGaA of Germany, has acquired Magna-Tech Manufacturing, headquartered in Muncie, Indiana.
Magna-Tech, the North American market leader in vacuum impregnation services, with a focus on process center capabilities, will function as a subsidiary of the German company. It will operate as part of Henkel’s Adhesive Technologies business, the premier solution provider for sealants, adhesives and functional coatings around the world. Magna-Tech’s vacuum impregnation services offer a complementary service business that uses Henkel’s strong presence in the passenger vehicle market. The acquisition also improves the German firm’s global footprint in impregnation services by adding to its existing network of European and Asian process centers.
Angela Cackovich, Corporate Vice President, Transportation and Metals, Henkel Corporation, North America and Latin America North, said that as vehicle lightweighting continues to speed up, vacuum impregnation is taking on an increasingly crucial role within the automotive industry. She added that the addition of Magna-Tech as a subsidiary of Henkel would help expand their role from a resin provider for vacuum impregnation to one that also provides center services and equipment solutions.
Henkel currently supplies LOCTITE impregnation solutions with resins that cure to an impermeable thermoset polymer, making it possible to seal pores permanently to have premium quality lightweight, thin-walled die-casted parts.
According to Rob Swords, CEO, Magna-Tech Manufacturing, Henkel’s impregnation capabilities are complementary to Magna-Tech’s portfolio. He anticipates a joint working relationship with Henkel and the opportunities that would result from this combined business environment.
Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.
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