Home » H.B. Fuller Company Agrees to Buy Nordic Adhesives
H.B. Fuller Company Agrees to Buy Nordic Adhesives
March 29, 2009
H.B. Fuller Company, St. Paul, MN, has agreed to acquire Nordic Adhesives, a developer and manufacturer of flexible packaging adhesives based in Buxtehude, Germany. Nordic had sales of US$9 million in 2008.
Nordic has a strong product portfolio in the flexible packaging market and a solid presence in northern Europe. This acquisition will complement our existing product line, enhances our applications knowledge, and will enable us to extend our reach in this highly attractive $1 billion segment of the adhesives industry, said Michele Volpi, H.B. Fuller president and CEO.
"With Nordic, we can capitalize upon our global footprint and more quickly develop a more meaningful presence in this desirable market."
H.B. Fuller Company is a manufacturer of adhesives, sealants, paints and other specialty chemical products, with fiscal 2008 revenue of $1.4 billion.