H.B. Fuller Company is a global manufacturer and marketer of adhesives and other specialty chemical products. The company is managed through four regional operating segments—North America, Europe, Latin America and Asia Pacific. The largest business component in each of the regional segments is adhesives. H.B. Fuller posted sales of $1.557 billion in 2011. During the year, H.B. Fuller strengthened its foothold in Turkey by signing an agreement to enter into a joint venture with Burak Özberk, its longstanding agent there. A new entity will be created, with H.B. Fuller owning majority control. H.B. Fuller Company has acquired the assets of privately held Liquamelt Corp., an Ohio-based manufacturer and marketer of the patented Liquamelt adhesive system. H.B. Fuller Company has opened its manufacturing facility in Nanjing, China. The new plant is the first multinational reactive adhesives plant in China and is located in the Nanjing Chemical Industrial Park. This facility and the company's regional technical center in Shanghai will collaborate to serve the Asia Pacific region. H.B. Fuller's Nanjing facility will produce urethanes and other reactive chemistries for customers in the construction, filter, flexible packaging, solar, textile, window and woodworking markets. H.B. Fuller during the year also appointed Joan Schuller as vice president, Asia Pacific. Schuller joined H.B. Fuller from Dow Advanced Materials. Prior to its acquisition by Dow, Schuller spent 16 years at Rohm and Haas Company, including five years leading businesses in Singapore and China. 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. 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, and it is also ranked in this year’s report for the last time.
YEAR ESTABLISHED: 1887
REVENUE: $1.557 billion (2010: 1.35bn)
Jim Owens, president and CEO; James Giertz, senior VP and CFO; Joan Schuller, VP, Asia Pacific; Steven Kenny, senior VP, EIMEA; Barry Snyder, VP and chief technology officer.