New Business to Expand Company’s Capabilities in Australia and New Zealand
ST. PAUL, Minn., April 29, 2016 (GLOBE NEWSWIRE) -- H.B. Fuller Company (NYSE:FUL) announced today that it has finalized the previously announced purchase of Advanced Adhesives, a provider of industrial adhesives in Australia and New Zealand.
The addition of this business will enable H.B. Fuller to strengthen its industrial adhesives market position and leverage a broader technology portfolio in both Australia and New Zealand.
“With this acquisition, we gain local market expertise and manufacturing capabilities to complement our strong network in the Asia Pacificregion,” said Heather Campe, vice president, Asia Pacific, H.B. Fuller. “H.B. Fuller will work closely with the Advanced Adhesives team to further enhance partnerships with regional customers and to develop, produce and sell new and better products in Australia and New Zealand.”
Serving a wide range of industries, including consumer packaged goods, woodworking and product assembly applications, the Advanced Adhesives business generated approximately USD $17 million in revenue for the 2015 fiscal year. Based in Sydney and Auckland, this new business will be included in H.B. Fuller’s Asia Pacific operating segment.
About H.B. Fuller:
For nearly 130 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. With fiscal 2015 net revenue of $2.1 billion, H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in engineering, electronic and assembly materials, hygiene, construction, automotive, packaging and other consumer businesses. And our promise to our people connects them with opportunities to innovate and thrive. For more information, visit us at www.hbfuller.com and subscribe to our blog.
Kimberlee SinclairGlobal Communications
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Maximillian Marcy
Investor Relations
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H.B. Fuller Company