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Saturday, Nov 06, 2004

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Henkel Spic board to consider merger

Our Bureau

CHENNAI: Henkel Spic India Ltd has informed the Bombay Stock Exchange that a proposal to of merge itself with Henkel India, formerly known as Calcutta Chemical Company Ltd, will be considered at a meeting of the board of directors on November 9.

Henkel Spic acquired Calcutta Chemical Company and Detergents India Ltd - two Shaw Wallace group companies in 1999. These acquisitions have given Henkel Spic access to an extensive distribution network. When contacted, company officials declined to comment.

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