H B Fuller acquires Forbo’s industrial adhesives business

H B Fuller acquires Forbo’s industrial adhesives business

2:35 AM, 23rd December 2011
H B Fuller acquires Forbo’s industrial adhesives business

ST PAUL, US: H B Fuller will purchase the global industrial adhesives business of Forbo group. The business to be acquired represents about 80 per cent of bonding systems division of Forbo group. This business will generate approximately $580 million in revenue for the fiscal year ending December 31, 2011 and employs more than 1,100 people globally. Subject to regulatory approvals, the transaction is expected to close by March 2012.

“With this acquisition, we are taking a further step forward in realizing our strategic plans to accelerate growth and improve EBITDA margins. Our intent is to fully capture the value of this transaction and we will work to achieve these benefits as quickly as possible. Our leadership team has significant experience in capturing and realizing synergies. We have developed a detailed synergy assessment and have modeled significant benefits in the combined businesses,” said Jim Owens, CEO and President, H B Fuller.

© WOC News


 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Barentz buys Forum Products, strengthens position in the UK

HOOFDDORP, THE NETHERLANDS: Barentz has acquired Forum Products Ltd on 19 December 2011. With this acquisition Barentz will expand its market pres ...

Read more
ECHA recommends authorization for thirteen SVHC

HELSINKI, FINLAND: The European Chemicals Agency (ECHA) has submitted to the European Commission a recommendation that thirteen substances of very h ...

Read more
Research for high efficient electrodes for use in artificial photosynthesis

DUBENDORF, SWITZERLAND: Water splitting in photo-electrochemical cells to yield hydrogen is a promising way to sustainable fuels. A team of Swiss ...

Read more
Use of heated nano-tip for electronic measurements

ILLINOIS, US: Atomic force microscope cantilever tips with integrated heaters are widely used to characterize polymer films in electronics and optic ...

Read more
Valspar opens new R&D centre in China

MINNEAPOLIS, US/ SHUNDE, CHINA: Valspar Corporation opened its new research and development centre in Shunde, China. Built with the latest standards ...

Read more
PTT GC, Perstorp form products JV for polyurethane industry

  GRENOBLE, FRANCE: Perstorp and PTT Global Chemical formed a joint venture (JV) for worldwide manufacturing and sales of products for the pol ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X