Chembond Chemicals, Mumbai has signed an agreement with Henkef Adhesives Technologies India, a subsidiary of Henkel AG & Company KGaA, headquartered in Dusseldorf, Germany, to divest its 49% shareholding in Henkel Chembond Surface Technologies.
This divestment brings to an end a successful partnership between two highly reputed companies that came together to introduce newer technologies and grow along with the emerging industries in India.
Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.