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FTC Sues to Block Henkel's $725 Million Acquisition of Liquid Nails From PE Firm

Provided by Dow Jones Dec 11, 2025, 11:03:00 PM

By Kelly Cloonan

The Federal Trade Commission sued to block Henkel from acquiring Liquid Nails, a competitor of its construction adhesive brand Loctite.

The deal would combine the two biggest brands of construction adhesives, hurting competition and leading to higher prices and lower quality, the FTC said Thursday.

The FTC said in its complaint that the move aims to prevent U.S. consumers from paying higher prices for materials used to build and maintain homes, lowering the cost of housing in the process.

Under the proposed deal, Henkel plans to acquire Liquid Nails for $725 million from private equity firm American Industrial Partners, the FTC said.

Henkel and American Industrial Partners did not immediately respond to a request for comment.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 11, 2025 18:03 ET (23:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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