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Cognis

This article was originally published in The Tan Sheet

Executive Summary

Henkel Group's nutritionals, ingredients and chemicals division revenues increased 12% to $2.73 bil. in 2000, not including about $247.7 mil. in sales to other Henkel units. Operating profit rose almost 23% to $205.6 mil. Cognis' Oleochemicals business sector, encompassing the Nutrition & Health unit, reported a 15% gain to $887.9 mil., with strong growth in worldwide dietary supplement market helping to offset U.S. slowdown. Created when Henkel carved out its chemical products business in August 1999, Cognis accounts for 23% of its parent's overall sales. Henkel execs say they are moving forward with plans to sell part or all of division (1"The Tan Sheet" Nov. 20, 2000, In Brief)
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