H.B. Fuller to Acquire Continental Products
H.B. Fuller Co. recently announced it has signed an agreement to purchase Continental Products Ltd., a provider of industrial adhesives in east and central Africa. This business will reportedly generate approximately €2.3 million (~ $2.7 million) in revenue for the 2014 fiscal year. Based in Nairobi, Kenya, Continental will be included in H.B. Fuller’s Europe, India, Middle East, Africa (EIMEA) operating segment.
“With this acquisition, we will take a significant step forward in our plan to grow in Africa,” said Steve Kenny, senior vice president, EIMEA. “H.B. Fuller has a strategic focus on growth in emerging markets, and the Continental business will enable us to deliver specialty adhesive products to key customers in the east and central African regions. The Continental team has developed extensive market knowledge and exceptionally strong customer relationships, and coupled with their local manufacturing capabilities, H.B. Fuller will be able to further enhance partnerships with its customers to develop and produce new and better products for their customers.”