The Vadnais Heights-based company has entered into a stock purchase agreement to buy Revertex Finewaters, an $18 million company that employs 104 and has one manufacturing facility.
H.B. Fuller Company said Thursday that it intends to acquire a Malaysian adhesives supplier a move that will expand its presence in Southeast Asia.
The Vadnais Heights-based company has entered into a stock purchase agreement to buy Revertex Finewaters, an $18 million company that employs 104 and has one manufacturing facility. Its export network includes Thailand, Indonesia, the Philippines, Vietnam, and Singapore.
Financial terms of the deal were not disclosed. Revertex Finewaters is a joint venture of United Kingdom-based Yule Catto & Company, PLC, and Malaysia-based Johor Corporation.
The acquisition of Revertex Finewaters further strengthens our market position in Southeast Asia and expands both our geographic presence and customer portfolio in this very fast-growing region, H.B. Fuller President and CEO Michele Volpi said in a statement, adding that the acquisition is expected to generate significant growth synergies in the periods ahead.
The deal is expected to close during the second quarter of 2010 and will first require regulatory approval. After the transaction is completed, Revertex Finewaters will be part of H.B. Fuller s Asia Pacific operating segment.
H.B. Fuller is a worldwide manufacturer and marketer of adhesives, sealants, paints, and other specialty chemical products. It is among Minnesota s 35 largest public companies based on revenue, which totaled $1.24 billion during the fiscal year that ended in November 2009.
H.B. Fuller Company said Thursday that it intends to acquire a Malaysian adhesives supplier a move that will expand its presence in Southeast Asia.
The Vadnais Heights-based company has entered into a stock purchase agreement to buy Revertex Finewaters, an $18 million company that employs 104 and has one manufacturing facility. Its export network includes Thailand, Indonesia, the Philippines, Vietnam, and Singapore.
Financial terms of the deal were not disclosed. Revertex Finewaters is a joint venture of United Kingdom-based Yule Catto & Company, PLC, and Malaysia-based Johor Corporation.
The acquisition of Revertex Finewaters further strengthens our market position in Southeast Asia and expands both our geographic presence and customer portfolio in this very fast-growing region, H.B. Fuller President and CEO Michele Volpi said in a statement, adding that the acquisition is expected to generate significant growth synergies in the periods ahead.
The deal is expected to close during the second quarter of 2010 and will first require regulatory approval. After the transaction is completed, Revertex Finewaters will be part of H.B. Fuller s Asia Pacific operating segment.
H.B. Fuller is a worldwide manufacturer and marketer of adhesives, sealants, paints, and other specialty chemical products. It is among Minnesota s 35 largest public companies based on revenue, which totaled $1.24 billion during the fiscal year that ended in November 2009.
