New Business Supports Company’s Growing Presence in East and Central African Markets
ST. PAUL, Minn., Feb. 3, 2015 (GLOBE NEWSWIRE / Knowledgebylanes) — H.B. Fuller Company (NYSE:FUL) announced today that it has finalized the previously announced purchase of Continental Products Limited, a provider of industrial adhesives to the East and Central Africa markets.
The addition of this business supports H.B. Fuller’s growth strategy for emerging markets, as it will enable the company to fully leverage its broad-based technology portfolio and effectively deliver specialty adhesive products to key customers in East and Central Africa.
“With this acquisition, we gain a dedicated team with strong customer relationships and local manufacturing capabilities,” said Steve Kenny, senior vice president, EIMEA, H.B. Fuller. “H.B. Fuller will work closely with the Continental team to further enhance partnerships with regional customers and to develop, produce and sell new and better products in a strategically important geography.”
Serving a wide range of industries, including paper converting, printing and packaging, labeling, laminating, bookbinding, automotive assembly, footwear and construction, the Continental business generated approximately [Eur]2.3 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.
About H.B. Fuller:
For over 125 years, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. With fiscal 2014 net revenue of $2.1 billion, H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in packaging, hygiene, general assembly, electronic and assembly materials, paper converting, woodworking, construction, automotive and consumer businesses. And our promise to our people connects them with opportunities to innovate and thrive. For more information, visit us at www.hbfuller.com and subscribe to our blog.
CONTACT: Kimberlee Sinclair
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