Henkel owned them both from 1997-1999.
"Henkel, an international manufacturer of chemicals, detergents, industrial adhesives, and cosmetics, was no stranger to Loctite's management. At Loctite's request, Henkel had purchased a 35 percent stake in Loctite to thwart a hostile takeover launched by AlliedSignal during the mid-1980s. In November 1996, the DM 14-billion-in-sales German conglomerate proposed acquiring the 65 percent of Loctite it did not already own, presumably to strengthen its position in the U.S. market. Henkel's adhesives business, which generated DM 2.4 billion, or US$1.5 billion, was nearly twice the size of Loctite's entire business, making for a powerful combination in an industry undergoing consolidation. Unlike the proposed takeover by AlliedSignal, the takeover by Henkel was "friendly," embraced by Freeman and other senior executives who were expected to remain at Loctite once the deal was completed.
Henkel concluded the acquisition of Loctite in January 1997, marking the beginning of a new era for the Connecticut company. Loctite was organized as a Henkel subsidiary with Freeman serving as both chief executive and chairman. Substantial changes were in the offing as Loctite pressed forward under Henkel ownership, highlighted by the decision made in 1999 to abandon the automotive aftermarket business. Loctite sold the business to PBT Brands, Inc., deciding that its resources were better directed at its core industrial business. Along with the divestiture, the company's corporate headquarters in Hartford, Connecticut, were sold, with the remaining functions of the Hartford site consolidated into Loctite's Rocky Hill, Connecticut facility, which subsequently became the headquarters for all business conducted in North, Central, and South America. As part of the consolidation, Henkel informed Freeman he was being transferred to Dusseldorf, a move the Loctite executive avoided by resigning at the end of May 1999. Freeman's departure left Loctite facing the new century ahead with new leadership. Heinrich Gunn, president of Loctite's European group, became the company's new chief executive. As Loctite entered the 21st century, with Gunn in Dusseldorf alongside Henkel executives, its future role as an elite adhesives and sealant producer was secure, firmly rooted in decades of technological innovation."
