H.B. Fuller to buy adhesives firm in Malaysia

ERJ staff report (TB)

St Paul, Minnesota --H.B. Fuller Co. has reached an agreement to buy all of the shares of industrial adhesives maker Revertex Finewaters Shd. Bhd. in Malaysia, a joint venture of Yule Catto & Co. P.L.C. and Jahor Corp.

Revertex Finewaters, besides being a leading adhesives company in Malaysia, also exports throughout Southeast Asia, including to Thailand, Indonesia, Philippines, Vietnam and Singapore, according to H.B. Fuller. The firm has one manufacturing facility, employs 104 and posted 2009 sales of about $18 million.

H.B. Fuller expects to deal to close during the second quarter and it is subject to customary closing conditions and regulatory approvals.

The acquisition will strengthen H.B. Fuller's position in Southeast Asia and will expand both its geographic presence and customer portfolio in the region, said Michele Volpi, H.B. Fuller president and CEO.

From Rubber & Plastics News (A Crain publication)