H.B. Fuller Acquires Nordic Adhesives
April 2, 2009
ST. PAUL, MN -- H.B. Fuller Co. 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. 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 product line and technical expertise.