MOSCOW (MRC) -- H.B. Fuller announced on 6 June that it has signed an agreement to purchase Cyberbond (Batavia, IL), a manufacturer of industrial adhesives for the electronics, medical, audio equipment, automotive, and structural markets, said Chemweek.
Financial details of the deal have not been disclosed. Cyberbond, which was founded in 1997, generated revenue of about USD15 million in 2015, Fuller says. Cyberbond’s European operations are based in Wunstorf, Germany. Fuller expects the acquisition to close this month and the Cyberbond business will be included in Fuller’s engineering adhesives business segment.
HB Fuller president and CEO Jim Owens said the acquisition would strengthen the company’s position in high-margin, high-growth engineering adhesives markets. "Cyberbond will expand our technology portfolio and add well-established sales channels in North America and Europe. In addition, we will leverage the expertise and customer relationships of our team in China to grow the Cyberbond business in that important geography," Owens said.
As MRC informed earlier, in February 2015, H. B. Fuller completed the acquisition of 95% of the equity of China-based engineering adhesives provider TONSAN Adhesive for around RMB1.4bn (USD225m).
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through four segments: Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific; and Construction Products. It offers a range of specialty adhesives, such as thermoplastic, thermoset, reactive, water-based, and solvent-based products; and caulks and sealants for the consumer market and professional trade.
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