This business generated nearly $20m in revenue for the 2012 fiscal year and operates a manufacturing facility in Curitiba, Brazil.
“With this acquisition, we will take a step forward on two important elements of our strategic plan,” said Jim Owens, president and CEO, HB Fuller, “establishing a manufacturing presence in Brazil and accelerating our growth in the flexible packaging market.
“HB Fuller has a strategic focus on three core areas – packaging, hygiene and durable assembly – and the Plexbond Quimica business will bring us capabilities that we can leverage globally in the important packaging market.
“The Plexbond Quimica team has deep market knowledge and local manufacturing capabilities that are new to HB Fuller, and the enhanced product portfolio and expertise of our combined businesses will enable us to partner more closely with customers and to grow in South America and around the globe.”
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