Reichhold Completes Sale of Adhesives Business
DIC decided to divest Reichhold's adhesives business, which has annual sales of approximately US$250 million with some 600 employees, as part of the plan to restructure its overall business. This is a key move for Reichhold's new business strategy of refocusing on its core businesses: composites, and coating and performance resins.
The Swift Adhesives business, which operates in Europe, North, Central and South America, as well as a joint venture in China, targets industries such as product assembly, automotive, packaging, graphic arts and construction.
For further information, visit www.reichhold.com.