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Transaction Details

Henkel-PHI

BELGRAVIA & CO., an international and independent M&A and Corporate Finance advisory firm based in Cologne, advised Henkel AG & Co. KGaA (www.henkel.com) on the sale of its Seville/Spain-based bleach production factory to PHI Industrial Acquisitions (“PHI”). PHI has acquired 100% of the Seville assets effective October 1st, 2013. The parties have agreed not to disclose the purchase price.

PHI Industrial (www.phi-industrial.com) is a Spanish investor with offices in Barcelona and Madrid, focused on acquisitions of corporate spin-offs. PHI’s portfolio consists of five companies and 12 factories across Europe, generating some € 240 mil. in sales, with a combined headcount exceeding 1,400 employees. 

Henkel Ibérica is the Spanish market leader in the branded bleach category. Henkel and PHI have agreed on a multi-year cooperation that includes continued bleach supply from the Seville factory to Henkel Group. However, PHI will be at liberty to also produce bleach for the private-label bleach market in its Seville factory. 

BELGRAVIA & CO. acted as the exclusive M&A advisor to Henkel. 

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Contact Details:
Dr. Björn Röper
Managing Partner
BELGRAVIA & CO. GmbH
Stadtpalais, Bayenthalgürtel 26, D-50968 Cologne
Tel. +49 (221) 98 54 29 21
roeper(at)belgravia-co.com