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August 18, 2003
By: TOM BRANNA
Editor
Henkel KgaA chief executive Ulrich Lehner dampened speculation that the company was readying for a possible acquisition of rival Beiersdorf AG. He emphasized Henkel will concentrate on organic growth supported by acquisitions in the U.S. and Asia. Mr. Lehner declined to comment on whether the company would rule out a large acquisition in Europe.In other news, The Henkel Group reported net profit in the second quarter rose 11.4% to EUR127 million compared with the previous year. Sales in the laun...
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