H.B. Fuller Co. announced today 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 in 2008.
“Nordic has a strong product portfolio in the flexible
packaging market and a solid presence in northern Europe,”
said Michele Volpi, H.B. Fuller president and chief executive officer. “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.”
A stock purchase, the acquisition encompasses all Nordic
business operations, including the company’s product line and technical expertise.
For more information, visitwww.hbfuller.com.