The chief executive of Henkel & Co KGaA AG (HNKG_p.DE) poured cold water on speculation the consumer goods maker was preparing to buy hair care firm Wella from Procter & Gamble Co (PG.N), saying his company didn't need big acquisitions to grow.
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German consumer goods and industrial glue maker Henkel wants to expand in the area of consumer branded goods and hair care and could consider a large acquisition, the company's chairwoman told German newspaper Welt am Sonntag.
Germany's Henkel had made plans to increase sales in MENA for the next few years.