As part of the strategic development of the Henkel Group and the creation of even more agile processes and structures, the Management Board of Henkel AG & Co. KGaA (“Henkel”) following intensive review and detailed consultation with the relevant corporate bodies has decided to hive down the Henkel Consumer Brands and Henkel Adhesive Technologies business units so far operated directly by Henkel into separate subsidiaries. To this end, a hive-down agreement and, in each case, a business lease agreement regarding the temporary leaseback of the hived-down business units to Henkel were concluded between Henkel and its wholly-owned subsidiaries Henkel Consumer Brands GmbH and Henkel Adhesive Technologies GmbH, which were approved by a large majority at Henkel’s Annual General Meeting on 27 April 2026.
Hengeler Mueller advised Henkel comprehensively on corporate, employment, intellectual property and public law aspects of this transaction.
Hengeler Mueller team for Henkel
Corporate/M&A: Theresa Lauterbach, Prof. Jochen Vetter (both Munich), Oliver Rieckers (Düsseldorf, all partner), Yero Sy, Florian Großmann, Tobias Meyer (all associate, all Munich),
Employment: Christian Hoefs (partner), Stefan Kreß (senior associate, both Frankfurt),
IP/IT: Matthias Rothkopf (partner), Milan Zmrzlak (associate, both Düsseldorf),
Public Law: Michael Schramm (partner), Anouk Ludwig (associate, both Düsseldorf).