Germany-based EUKALIN Corporation, a member of EUKALIN Group and a producer of adhesives for the paper and film converting industries, announced Aug. 8 that it has acquired 100% of the assets of Adhesives Specialists, a like manufacturer based in Allentown, Pennsylvania.
Established in 1983, Adhesives Specialists, Inc. (ASI) is a manufacturer of both water-based and hotmelt adhesives, operating out of a 40,000-square-foot facility to support customers across the United States. ASI’s manufacturing operation produces adhesives for applications including bottle, can and jar labeling; food packaging; carton sealing; paper bag forming; and foam bonding. After this transaction, the operation will be known as “Adhesives Specialists, a Division of EUKALIN Corporation.”
EUKALIN is one of the leading adhesives producers for paper and film converting worldwide and has also been active in the North American market with EUKALIN Corporation since 2008, focusing on the envelope, packaging and industrial sack segments.
“This is our first acquisition outside of Germany,” said Jan Schulz-Wachler, president of EUKALIN Corporation. “We were looking for a company in the United States that could help us respond to the growing needs of EUKALIN’s North American customers and fits with our corporate philosophy. It was important not only to acquire a production facility, but also add further technology and expertise in the area of water-based adhesives and hotmelt adhesives. Our goal is to strengthen our strategic presence and after a short transition period start manufacturing EUKALIN products using local raw materials.”
“I am proud of what ASI has built and accomplished over the past 40 years with our people, relationships, customers, and suppliers,” ASI Owner Steve Russo added. “It was important to me that Adhesives Specialists could continue to grow and thrive as part of the EUKALIN Group, and I am confident our new relationship with EUKALIN will allow us to both capitalize on significant growth opportunities.”