H.B. Fuller Company Acquires Advanced Adhesives
H.B. Fuller Company announced 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 Pacific region," 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.
