Mergers & Acquisitions
January 26, 2026
Henkel Acquires ATP
Henkel to Acquire ATP Adhesive Systems
PUdaily | Updated: January 23, 2026
Henkel to Acquire ATP Adhesive Systems – a leading expert in high-performance water-based specialty tapes
- Adhesive Technologies to expand product offering with complementary bonding solutions in fast-evolving dynamic markets
- Innovative player in high performance water-based technology with sustainable competitive advantage and strong value creation potential
- In addition to water-based tapes, access to advanced technological capabilities and expertise in hotmelt and solvent-based polymer tapes
- Adhesive Technologies to become a bonding solution provider beyond liquid adhesives offering additional value to its customers
Henkel signed an agreement to acquire Swiss-based ATP Adhesive Systems from Arsenal Capital Partners. ATP Adhesive Systems is a leading expert in high-performance water-based specialty tapes for a wide variety of end-markets, including automotive, electronics, medical, building & construction, and graphics applications. ATP Adhesive Systems has its presence in Europe and North America, employs around 700 employees and generated sales of around 270 million euros (expected) in fiscal year 2025.
“Expanding our portfolio through compelling, value-adding M&A transactions is an integral part of our purposeful growth agenda. This acquisition will enable further growth in our Adhesive Technologies business unit by increasing our offering and capabilities in the tapes market with a broader range of innovative bonding solutions. The portfolio of ATP Adhesive Systems represents a strong complementary and strategic fit for us. It also aligns with our sustainability targets, as more than 90 percent of the portfolio utilize water-based technologies with a low carbon footprint,” said Henkel CEO Carsten Knobel.
“With this acquisition, we will further strengthen our Adhesive Technologies business unit. The ATP Adhesive Systems business delivers a compelling portfolio of water-based specialty tapes with increasing use cases as a more sustainable alternative with low VOC (volatile organic compounds) levels and consequently driving growth well above the broader tapes industry. It also offers state-of-the-art production facilities and technological capabilities to further enhance our portfolio and to establish the foundation of a platform that extends beyond liquid technologies while accelerating innovation in sustainability”, said Mark Dorn, Executive Vice President and responsible for Henkel’s Adhesive Technologies business unit.
The acquisition is subject to customary closing conditions, including the receipt of regulatory approvals. At this point, the parties agreed to not disclose the financial terms of the transaction.
Source: Henkel
January 20, 2026
Somnigroup Update
Somnigroup to Engage in Discussions with Leggett & Platt
DALLAS, Jan. 20, 2026 /PRNewswire/ — Somnigroup International Inc. (NYSE: SGI, “Somnigroup”) today issued the following statement in response to the announcement by Leggett & Platt Inc. (NYSE: LEG) that its Board of Directors has authorized discussions and entered into a customary non-disclosure agreement to facilitate due diligence and discussions with Somnigroup:
“We welcome the Board’s willingness to engage in discussions with us and we look forward to conducting customary due diligence. Somnigroup remains committed to pursuing a transaction that will deliver substantial value to shareholders of both companies. However, as we advised Leggett & Platt in declining to revise our proposal in advance of customary due diligence, we believe that our proposed all-stock transaction for value of $12 per share, as previously announced on December 1, 2025, represents fair value for Leggett & Platt. Our proposal offers Leggett & Platt shareholders a 30% premium to the unaffected 30-day average price of Leggett & Platt’s shares as of that date, and an opportunity to participate in the future growth of the combined company.”
No assurance can be given that any transaction will be agreed or consummated, or the timing, price, terms or conditions of any such transaction.
Somnigroup does not intend to comment further on market speculation or to disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.
Goldman Sachs & Co. LLC is serving as financial advisor to Somnigroup and Cleary Gottlieb Steen & Hamilton LLP is serving as its legal advisor.
Customary Approvals
Completion of the contemplated transaction is contingent upon reaching a definitive agreement and would be subject to the satisfaction of customary closing conditions, including receipt of Leggett & Platt shareholder approval and required regulatory approvals. The proposed transaction would not be subject to any financing contingencies or approval by Somnigroup’s shareholders.
Forward Looking Statements
This communication contains statements that may be characterized as “forward-looking,” within the meaning of the federal securities laws. Such statements might include information concerning one or more of Somnigroup’s plans, guidance, objectives, goals, strategies and other information that is not historical information. When used in this release, the words “assumes,” “estimates,” “expects,” “guidance,” “anticipates,” “might,” “projects,” “plans,” “proposed,” “targets,” “intends,” “believes,” “will,” “contemplates” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding Somnigroup’s proposal to acquire Leggett & Platt (including the benefits, results, effects and timing of a transaction) and any statements regarding Somnigroup’s (and Somnigroup’s and Leggett & Platt’s combined) expected future financial position, results of operations, cash flows, dividends, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities and plans and objectives of management. Any forward-looking statements contained herein are based upon current expectations and beliefs and various assumptions. There can be no assurance that Somnigroup (or the combined company) will realize these expectations, meet its guidance or that these beliefs will prove correct.
Numerous factors, many of which are beyond Somnigroup’s control, could cause actual results to differ materially from any that may be expressed herein as forward-looking statements. These potential risks include general economic, financial and industry conditions, particularly conditions relating to the financial performance and related credit issues present in the retail sector, as well as consumer confidence and the availability of consumer financing; the impact of the macroeconomic environment in both the U.S. and internationally on Somnigroup; uncertainties arising from national and global events; industry competition; the effects of consolidation of retailers on revenues and costs; and consumer acceptance and changes in demand for Somnigroup’s products and the other factors discussed in Somnigroup’s Annual Report on Form 10-K for the year ended December 31, 2024. There may be other factors that may cause Somnigroup ‘s actual results to differ materially from the forward-looking statements. Somnigroup undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
Additional Information
This communication relates to a proposal which Somnigroup has made for a business combination transaction with Leggett & Platt. In furtherance of this proposal and subject to future developments, Somnigroup (and, if a negotiated transaction is agreed, Leggett & Platt) may file one or more registration statements, proxy statements, tender offer statements, prospectuses or other documents with the Securities and Exchange Commission (the “SEC”). This communication is not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Somnigroup and/or Leggett & Platt may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF SOMNIGROUP AND LEGGETT & PLATT ARE URGED TO READ THE PROXY STATEMENT(S), REGISTRATION STATEMENT(S), TENDER OFFER STATEMENT(S), PROSPECTUS(ES) AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Any definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to stockholders of Somnigroup and Leggett & Platt, as applicable. Investors and security holders will be able to obtain copies of these documents (if and when available) as well as other filings containing information about Somnigroup and Leggett & Platt, free of charge on the SEC’s website at www.sec.gov. Those documents, when filed, as well as Somnigroup’s other public filings with the SEC, may be obtained free of charge on Somnigroup’s website at www.somnigroup.com.
Somnigroup and its directors, executive officers and certain other members of management and employees may be deemed to be participants in any solicitation with respect to the proposed transaction under the rules of the SEC. You can find information about Somnigroup’s executive officers and directors in Somnigroup’s definitive proxy statement filed with the SEC on March 31, 2025. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements, tender offer statements, prospectuses or other documents filed with the SEC if and when they become available. You may obtain free copies of these documents using the sources indicated above.
This communication shall not constitute an offer to sell, buy or exchange or the solicitation of an offer to sell, buy or exchange any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
About Somnigroup
Somnigroup (NYSE: SGI) is the world’s largest bedding company, dedicated to improving people’s lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy’s®, and our global omni-channel platform enables us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions.
We seek to deliver long-term value for our shareholders through prudent capital allocation, including managing investments in our businesses. We are guided by our core value of Doing the Right Thing and committed to our global responsibility to protect the environment and the communities in which we operate. For more information, please visit www.Somnigroup.com.
January 13, 2026
Arclin to Purchase Willamette Valley
Arclin Expands Presence with Strategic Acquisition of Willamette Valley Company
December 18, 2025, 6:27 AM ET
ALPHARETTA, Ga., Dec. 18, 2025 /PRNewswire/ — Arclin, a leading material science company, announced that it has entered into an agreement to purchase Willamette Valley Company (“WVCO”), a manufacturer and distributor of a wide variety of custom products and services in the wood products, railroad, concrete repair, transportation, infrastructure and consumer products segments.
“We are thrilled to welcome Willamette Valley Company to our organization,” said Bradley Bolduc, Arclin’s CEO. “Their innovative technologies and product portfolio perfectly complement our business, creating a beneficial combination for our customers. With a shared commitment to quality across wood products, this acquisition positions us to deliver even greater value and expand opportunities across the segments we serve,” said Bolduc.
The acquisition of WVCO is a pivotal step in extending Arclin’s materials science capabilities into engineered repair systems, specialty adhesives, and infrastructure solutions where performance-critical polymers and formulations are central to customer outcomes. The acquisition will add eight manufacturing facilities and approximately 500 new team members to Arclin’s existing 1,200-person team.
“The acquisition represents a highly strategic move with clear operational efficiencies,” said Mark Glaspey, Arclin’s President. “By combining our capabilities, we will deliver a broader portfolio of solutions to our customers, while expanding geographic reach and unlocking new growth opportunities.”
“The decision to sell Willamette Valley Company to Arclin represents a natural progression for our business,” said John Murray, WVCO’s President and CEO. “Arclin’s world-class operational framework will accelerate our product innovation and drive sustainable growth. Combining Arclin and WVCO’s deep technical expertise, broad knowledge base and ability to rapidly deploy resources will be instrumental in driving our growth strategy. Joining Arclin is an exciting opportunity for our team and we’re eager to drive the business forward,” Murray added.
About Arclin
Arclin is a leading materials science company and manufacturer of polymer technologies, engineered products and specialized materials for the construction, agriculture, transportation infrastructure, weather & fire protection, pharmaceutical, nutrition, electronics, design and other industries. Headquartered in Alpharetta, Georgia, Arclin has offices and manufacturing facilities throughout the U.S., Canada, U.K., and manufactures for customers worldwide. For more information, visit www.arclin.com.
About Willamette Valley Company
Founded in 1952, the Willamette Valley Company is an engineered solutions provider specializing in a broad array of chemistry and application systems. WVCO is a multinational corporation that manufactures and distributes a wide variety of custom products and services around the globe. While their roots are in the wood products industry, their expertise and solutions encompass innovative railroad tie repair solutions, concrete repair systems, patching, fillers, adhesives, robotics, engineering and more across dozens of industries. For more information, visit https://wilvaco.com
December 18, 2025
Hennecke Sells to Brückner Group
Brückner Group acquires Hennecke
The Brückner Group continues to pursue its growth strategy with the acquisition of the Hennecke Group, which will expand the company’s global portfolio to include key technologies for machines, plants, and systems used in the processing of polyurethane (PUR). These technologies are the perfect complement to the existing range of services and products and will provide access to new markets.
15 Dec 2025 | By Rahul Kumar
Dr Axel Von Wiedersperg, CEO of the Brückner Group
As a global market leader with expertise in the field of reactive plastics, Hennecke brings additional material-based, high-tech solutions to the Group. This technology is suitable for use in many industries like construction, furniture, and refrigeration and creates new diversification potential. The agreement between the Brückner Group and a fund advised by Capvis AG, Switzerland, as the majority owner of the Hennecke GROUP was concluded on 3 December 2025. The transaction will be completed at the beginning of January 2026.
“With Hennecke, we’ve gained a highly specialized addition to our portfolio. Acquiring another market leader in technology enhances the Brückner Group’s product range in a sensible way and provides Hennecke with access to innovation power and a global presence,”
Dr Axel Von Wiedersperg, CEO of the Brückner Group, said.
Hennecke has an international network of sites in Germany, Italy, the US, and China, an industry-leading product portfolio of global, innovative systems and technologies with extraordinary economic and environmental benefits, and an excellent reputation in the plastics industry — especially outside of the packaging sector. This will ultimately allow the Brückner Group to tap into new product segments and reinforce its global base of expertise.
“The merger will not only result in bundled technological expertise and a global market presence, but also allow us to form the basis for expanding our position in the international PUR market. This step represents a natural progression of our Hennecke Business System and the FOCUS2030 strategy for sustainable growth. Working with the Brückner Group, we’ll be able to capitalize on innovation and growth potential much faster in the future,” Thomas Wildt, CEO and Hennecke Group.
Following completion of the transactions, the Brückner Group will consist of five business units – Brückner Maschinenbau, Brückner Servtec, Kiefel, PackSys Global, and in the future Hennecke PUR Solutions. The business units and our global network together ensure our financial strength, growth, and long-term stability. In this context, partnerships built on trust and our employees’ expertise are the cornerstones of our success. We operate in an agile and forward-looking manner to achieve our ultimate goal: making the manufacture of plastic products and packaging solutions sustainable. As one of Germany’s most sustainable medium-sized corporate groups, we conduct our business responsibly and in the interests of our global society and our international workforce.
https://www.printweek.in/news/br%C3%BCckner-group-acquires-hennecke–61418
December 10, 2025
Covestro Sale Closes
Covestro and XRG commence strategic partnership: Transaction successfully closed
- EUR 1.17 billion capital increase has been executed
- Closing marks official start of partnership
Covestro AG today announced the successful closing of its strategic partnership with XRG P.J.S.C. (formerly ADNOC International Limited, together with its subsidiaries in the following “XRG”). The agreed capital increase of EUR 1.17 billion was carried out as planned, providing Covestro with additional resources to support the implementation of its “Sustainable Future” strategy.
Dr. Markus Steilemann, CEO of Covestro, said: “With today’s closing of the transaction, we can now begin our joint journey with XRG. Together with XRG as a strong and long-term partner, we are well positioned to drive Covestro’s transformation and create long-term value for our customers, employees, and stakeholders worldwide.”
The closing of the transaction marks the official start of the partnership, building on all underlying agreements and prior regulatory clearances.
Further information on the transaction can be found on the deal website at: www.covestro-offer.com
About XRG:
XRG is an international investment company with an enterprise value of $150 billion, investing across natural gas, chemicals and scalable energy solutions that power AI and industry globally. Headquartered in Abu Dhabi and wholly owned by ADNOC, XRG’s portfolio includes operating and non-operating interests in assets and companies that are meeting the rapidly increasing global demand for energy and the chemicals that are essential for sustainable economic growth.
To find out more, visit: www.XRG.com
For media inquiries, please contact: media@XRG.com
About Covestro:
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
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