Welcome Guest to Coatings World    Login || Register
Last Updated Tuesday, October 13 2015

H.B. Fuller to buy Forbo's adhesives business for $395 million

Published January 6, 2012

H.B. Fuller said it agreed to buy Swiss firm Forbo's industrial adhesives business for $395 million, as the specialty chemicals maker bulks up its presence in Europe.

Europe, India, Middle East and Africa together form the second-largest market after North America for H.B Fuller, while a little over half of Forbo's revenue came from Europe in 2010.

"Forbo's business brings a commercial base in Eastern Europe that fills a gap for us, and compliments our stronger position in the Middle East and Africa," said chief executive Jim Owens.

Since March 2009, St Paul, Minnesota-based H.B. Fuller has acquired four adhesive makers. Adhesive and related products make up more than 85 percent of the company's sales.

Forbo's adhesive business will generate about $580 million in revenue this year, H.B. Fuller said.

H.B. Fuller, which focuses on adhesives, sealants, paints and other specialty chemical products, expects its revenue to grow organically at 5-8 percent per year, Owens said. H.B Fuller's 2010 revenue was $1.36 billion.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Follow Coatings World On