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FEDERAL TRADE COMMISSION, Plaintiff, v. HENKEL AG & CO. KGAA, HENKEL OF AMERICA, INC., HENKEL US OPERATIONS CORP., AIP, LLC d/b/a AMERICAN INDUSTRIAL PARTNERS, A-PAINT HOLDING LP, and A-PAINT TOPCO, INC., Defendants
Case Summary
The Federal Trade Commission sued to block Henkel AG & Co. KGaA (Henkel), the manufacturer of the industry-leading Loctite brand construction adhesives, from acquiring Loctite’s main competitor, Liquid Nails. The FTC alleges that the merger would eliminate fierce competition between Loctite and Liquid Nails, leading to higher prices, lower quality, and reduced innovation, all of which would be detrimental to American consumers.
On August 14, 2026, after a seven-day trial, the U.S. District Court for the Southern District of New York granted the FTC’s request for a permanent injunction to block Henkel’s proposed $725 million acquisition of Liquid Nails from private equity firm American Industrial Partners