AUSTRALIA/NEW ZEALAND - H.B. Fuller Company has signed an agreement to purchase Advanced Adhesives Pty Ltd, a provider of industrial adhesives in Australia and New Zealand.
Established in 1985, Advanced Adhesives works closely with customers in a wide range of industries, including consumer packaged goods, woodworking and product assembly applications. The addition of this business will enable H.B. Fuller to strengthen its industrial adhesives market position and leverage a broader technology portfolio in both Australia and New Zealand.
With fiscal 2015 net revenue of US$17 million, the Advanced Adhesives business will be included in H.B. Fuller’s Asia Pacific operating segment.
Pending government and regulatory requirements, the company expects the acquisition to close by late April 2016.