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Henkel assesses its future after recent acquisitions By KENT REICHERT
Business Journal Staff Writer
First Henkel Corp. got bigger, much bigger, with recent acquisitions that will more than double its annual sales from $250 million to $500 million or $600 million. Then six months ago the U.S. subsidiary of West Germany's giant Henkel KGaA made its headquarters smaller, much smaller, trimming several hundred people in a management decentralization that created a new headquarters with only 40 people. In another move to streamline, the smaller head office was moved from Minneapolis to Gulf Mills, Montgomery County, to be closer to its businesses.
Now, its president, Heiner H. Guertler, are just trying to digest the acquisitions and changes.