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Henkel Counts on Organic Growth, Acqusitions

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By: TOM BRANNA

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German consumer goods maker Henkel, Duesseldorf, Germany, said it would counter a sluggish global economy in 2003 through organic growth and acquisitions, enabling it to meet ambitious growth targets. Chief executive officer Ulrich Lehner declined to comment on reports his firm was among suitors circling German hair care group Wella AG, but Henkel made it clear that acquisitions of all sizes remained an option and hair care was a strategic priority.“Big acquisitions would be nice but it&#8...

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