H.B. Fuller to acquire Brazil-based Plexbond Quimica, a provider of chemical polyurethane specialties and polyester resins

Mathew Kearney

Mathew Kearney

May 21, 2013 – PR Newswire

ST. PAUL, Minnesota , May 21, 2013 (press release) – H.B. Fuller Company (FUL) announced today that it has signed an agreement to purchase adhesives company Plexbond Quimica, S/A, a provider of chemical polyurethane specialties and polyester resins. This business generated nearly $20 million in revenue for the 2012 fiscal year and operates a manufacturing facility in Curitiba, Brazil.

The Plexbond Quimica business works closely with customers to develop innovative, high-quality adhesives solutions, which will enable H.B. Fuller to leverage the value of the company's existing technologies, particularly those serving the flexible packaging industry. As a global, adhesives solutions provider in the highly attractive, fast growing and demanding flexible packaging market, H.B. Fuller has now increased its ability to deliver world-class specialty adhesives solutions, such as laminating adhesives, to customers in Brazil and across South America.

"With this acquisition, we will take a step forward on two important elements of our strategic plan – establishing a manufacturing presence in Brazil and accelerating our growth in the flexible packaging market," said Jim Owens, president and CEO, H.B. Fuller. "H.B. Fuller has a strategic focus on three core areas – packaging, hygiene and durable assembly – and the Plexbond Quimica business will bring us capabilities that we can leverage globally in the important packaging market. The Plexbond Quimica team has deep market knowledge and local manufacturing capabilities that are new to H.B. Fuller, and the enhanced product portfolio and expertise of our combined businesses will enable H.B. Fuller to partner more closely with customers and to grow in South America and around the globe."

About H.B. Fuller Company:

For over 125 years, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. Recognized for unmatched technical support and innovation, H.B. Fuller brings knowledge and expertise to help its customers find precisely the right formulation for the right performance. With fiscal 2012 net revenue of $1.9 billion, H.B. Fuller serves customers in packaging, hygiene, general assembly, paper converting, woodworking, construction, automotive and consumer businesses. For more information, visit us at www.hbfuller.com and subscribe to our blog.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.