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H.B. Fuller acquires Nordic Adhesives
02
Apr '09
Michele Volpi, President and Chief Executive Officer, H.B. Fuller
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.

H.B. Fuller Company


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