Bostik recently announced it has acquired Usina Fortaleza, a manufacturer of tiling adhesives for the construction industry in Brazil. As the new shareholder, Bostik reportedly intends to continue the company’s existing investment program in order to grow at a higher rate and increase its market share. This acquisition is reportedly in line with Bostik’s strategy to expand in fast-growing regions.
“We are delighted to welcome Usina Fortaleza to Bostik,” said Bernard Pinatel, chairman and CEO of Bostik. “Their strong local presence and successful track record will serve as a solid platform to leverage Bostik’s cutting-edge technologies.”