And whereas Henkel is focused on industrial glue, National Starch specialises in glue for consumers.

ECONOMIST: Akzo Nobel and Henkel move to buy ICI and divide the spoils

The takeover of National Starch would increase Henkel's market share in glue from 15% to 23%, cementing it in place as market leader.

ECONOMIST: Akzo Nobel and Henkel move to buy ICI and divide the spoils