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Henkel AG & Co. KGaA

Germany · Xetra: HEN.DE · Market cap: $39.9B · P/E: 16.8 · P/S: 1.8

Henkel makes adhesives and consumer brands like Persil and Schwarzkopf, selling glue to factories and shampoo and detergent to households around the world.

Henkel is a German company that sells two very different things: the glue that holds products together and the everyday brands people use in their homes. Its biggest business makes adhesives and sealants, the industrial-strength stuff that goes into cars, electronics, packaging, and buildings. Its other big business sells beauty care and laundry and home care products to ordinary shoppers.

Henkel AG & Co. KGaA (HEN.DE) Adhesive and sealant technologies: line art illustration of A small squeeze tube of Loctite super glue with its distinctive red and blue label and dropper-style nozzle
Loctite adhesives
Loctite glues are made by a company also known for laundry detergent and shampoo.

The industrial side is where Henkel earns most of its money. Factories buy its adhesives because a car door, a phone, or a cardboard box only works if it stays stuck together, and Henkel's formulas are engineered for exact conditions like heat, flex, or speed on an assembly line. Once a manufacturer writes Henkel's glue into its design, switching to a rival means re-testing everything, which gives Henkel a sticky kind of customer loyalty. The consumer side works differently: shoppers pick Persil detergent or Schwarzkopf shampoo off the shelf, and Henkel competes with giants like Procter & Gamble and Unilever on brand trust and shelf space. Henkel has been around since 1876, when Fritz Henkel started it in Düsseldorf with a washing powder called Universalwaschmittel, and the company is still based there. That early bet on laundry soap is why a glue maker also sells detergent today. The founding family still holds a controlling stake, so Henkel answers to its owners as much as to Wall Street.


The company is a steady, somewhat boring business in the best sense — it sells small, cheap, necessary things in huge volumes. Its main vulnerability is that both sides depend on the wider economy: factories buy fewer adhesives when manufacturing slows, and shoppers trade down to cheaper brands when money is tight. Rising costs for raw materials and energy, especially in Europe, squeeze margins, which is why management has pushed price increases and cost cuts in recent years.

Saved answer · last researched 12 Nov 2026