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April 19, 2004
By: TOM BRANNA
Editor
Henkel KGaA, Dusseldorf, Germany, announced that it expects the acquisition of U.S. household products group Dial Corp. to boost profits with immediate effect. “The transaction will lead to an immediate rise in profits at Henkel,” chief executive Ulrich Lehner told investors at the company’s annual shareholder meeting on Monday. The $2.9-billion deal, which was approved by Dial investors at the end of last month, is the biggest acquisition in Henkel’s history.Mr. Lehner s...
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