Michele Volpi, President and Chief Executive Officer, H.B. Fuller
H.B. Fuller Company announced that it has entered into an agreement to acquire Nordic Adhesives, a developer and manufacturer of flexible packaging adhesives, based in Buxtehude, Germany. Nordic generated net revenue of approximately $9 million U.S. in 2008.
“Nordic has a strong product portfolio in the flexible packaging market and a solid presence in northern Europe. This acquisition will complement our existing product line, enhances our applications knowledge, and will enable us to extend our reach in this highly attractive $1 billion segment of the adhesives industry,” said Michele Volpi, H.B. Fuller president and chief executive officer.
“With Nordic, we can capitalize upon our global footprint and more quickly develop a more meaningful presence in this desirable market.”
A stock purchase, the acquisition encompasses all Nordic business operations, including the company's innovative product line and technical expertise.
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