25 June 2014
Details
H.B. Fuller Company (NYSE: FUL)
announced today that it has signed an agreement
to purchase
With this acquisition, H.B. Fuller will add
strong customer relationships
in high-value, fast-growing engineering adhesives markets,
state-of-the-art manufacturing facilities, and
strong product and technology development capabilities.
With a solid record of growth and
proven technical expertise,
Tonsan’s current annual revenue is about $100 million
with normalized EBITDA of just under $20 million.
Engineering adhesives
make up approximately 30 percent of
the global adhesives market,
and the segment is expected
to grow at rates significantly above the average
for the adhesives industry.
The market is characterized by
technology formulations that
provide high-value solutions
to address unique and demanding customer requirements.
the largest independent engineering adhesives provider
in China, offers silicone, epoxy, anaerobic and
cyanoacrylate technologies that
will facilitate H.B. Fuller’s global entry
into this important segment.
develops, manufactures and sells
a comprehensive range of engineering adhesive products
for key durable assembly markets,such as
* transportation (automotive, rail and shipbuilding),
* machinery, photovoltaic, electronics and
* electrical appliances.
H.B. Fuller’s global infrastructure will enable
the delivery of
Tonsan’s technologies and products
around the world and
specifically to key global customers.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
