HENKEL CHIEF TAKES AIM AT WELLA
NEW YORK — Is Wella for sale?
American executives for Wella and Henkel had no comment Thursday on a report that appeared this week in the German newspaper Wirtschaftwoche.
In that financial weekly, Ulrich Lehner, chairman of Henkel KGaA, was quoted as saying that a merger with Wella AG would be “an interesting possibility” for Henkel, as it would strengthen the company in Asia.
“Henkel is too small in the field of cosmetics, where a worldwide consolidation is taking place,” he was quoted in Wirtschaftwoche. “A merger with Wella is thus an interesting possibility. The two would also fit in the U.S. and Europe; both Wella and Henkel focus on hair cosmetics and hair care products.”
In the U.S., Wella’s business includes its eponymous professional hair color brand, as well as the Sebastian International professional hair care brands, while Henkel’s U.S. hair care businesses include Dep on the consumer retail side and Schwarzkopf on the salon professional front.