Henkel has formed a joint venture with UK-based building product and façade system manufacturer Wetherby Laroc, becoming the majority shareholder.
The joint venture will enable both companies to grow their core businesses by combining Wetherby Laroc’s local brands and market presence with Henkel’s global innovation and technological capabilities.
According to Henkel, the current European market for façade solutions is “highly attractive” due to strong demand for energy-efficient buildings, the modernisation of ageing housing stock and increasingly strict sustainability regulations requiring high-performance exterior systems. The UK also stands out as a particularly compelling growth opportunity, driven by its large renovation market and ongoing investment in residential and commercial construction.
Through this partnership, Wetherby Laroc will enable Henkel to serve the local market by offering customers a broader portfolio of premium, certified façade solutions, while establishing a solid joint foundation for expansion across Europe.
“Our combined solution portfolio and expertise address critical business challenges and empower customers to transform legacy housing stock into energy-efficient buildings, contributing to significant sustainability improvements and cost-saving potential,” said Piotr Ciborowski, Vice President Construction Eastern Europe at Henkel Adhesive Technologies. “Based on our joint distribution network and trusted brands, we aim to accelerate market innovation with a focus on the UK, while laying the foundation to meet the future needs of our European customers as well.”
Alex Chalmers, Managing Director at Wetherby Laroc, added: “By combining the expertise, resources and capabilities of both organisations, we are creating a stronger and more resilient business with enhanced innovation and technology. This partnership will create strategic synergies for accelerated growth by expanding our products, systems and categories, enabling us to deliver a broader and more compelling offering for customers and supporting our continued investment in future growth.”
Neither company disclosed the financial details of the transaction.
