H.B. Fuller to buy Forbo’s
adhesives business for $395 million
H.B. Fuller said it agreed to buy Swiss firm
Forbo’s industrial adhesives business for
$395 million, as the specialty chemicals
maker bulks up its presence in Europe.
Europe, India, Middle East and Africa
together form the second-largest market
after North America for H.B Fuller, while
a little over half of Forbo’s revenue came
from Europe in 2010.
“Forbo’s business brings a commercial
base in Eastern Europe that fills a gap for
us, and compliments our stronger position
in the Middle East and Africa,” said chief
executive Jim Owens.
Since March 2009, St Paul, Minnesota-based H.B. Fuller has acquired four adhesive makers. Adhesive and related products
make up more than 85 percent of the company’s sales.
Forbo’s adhesive business will generate
about $580 million in revenue this year,
H.B. Fuller said.
H.B. Fuller, which focuses on adhesives,
sealants, paints and other specialty chemical
products, expects its revenue to grow organically at 5-8 percent per year, Owens said.
H.B Fuller’s 2010 revenue was $1.36 billion.
greatest investment made by Bluestar Silicones at the Saint Fons plant for over ten
years. The opening of IRIS has been accompanied by the creation of a new processing center for discharges resulting
from the resin production.
Bluestar Silicones is a branch of China
National Bluestar Corp, achieves a turnover
of around €600 million euros and employs
nearly 3,000 staff across the world.
DuPont Titanium Technologies
hikes costs for Ti Pure TiO2
grades globally
Effective Feb. 1, 2012, DuPont Titanium
Technologies will implement a net price in-
crease of 200 Euros per metric ton, or as
permitted by contract, for all DuPont Ti
Pure titanium dioxide (TiO2) grades for all
countries in which invoicing is in Euro,
namely the countries of Western and Cen-
tral Europe and the North African region.
In addition, effective Feb. 1, 2012, DuPont
Titanium Technologies will implement a
net price increase of $250 per metric ton
(USD), or as permitted by contract, for all
DuPont Ti-Pure titanium dioxide (TiO2)
grades for all countries in which invoicing
is in U.S. dollar, namely the countries of
Eastern Europe, Middle East and the Sub-
Saharan African region. CW
Index to Companies
AkzoNobel to take 100 percent
control of Metlac Group
AkzoNobel plans to strengthen its posi-
tion in packaging coatings by exercising
the right to buy the remaining shares of
Metlac, an Italian-based packaging coat-
ings producer. AkzoNobel currently is a
shareholder in Metlac. This position was
inherited from the acquisition of ICI in
2008. The company expects to finalize the
acquisition in Q2 2012.
Bluestar Silicones opens resin
manufacturing unit in its Saint
Fons factory
In France Bluestar Silicones inaugurated
its new resin manufacturing unit in its
Saint Fons factory. The new production
unit, named IRIS, will enable the resin
production capacity to be doubled.
This € 7 million project represents the
This index gives the starting page for a department or feature with a signifi-
cant reference to a manufacturer of paint, coatings, adhesives and sealants.
Subsidiaries are indexed under their own names.
AceHardware................................................ 46
AFGFlameGuard ............................................. 46
AkzoNobel..............................................8, 10, 32
BASF ................................................. 10, 16, 32
BluestarSilicones...............................................8
CreativeMaterials............................................. 10
H.B.Fuller....................................................8
EcologyCoatings.............................................. 18
Henkel...................................................... 16
HybridCoating Technologies..................................... 10
Jotun .................................................... 10, 18
Kansai...................................................... 16
MetoKote ................................................... 46
NanoFusing.................................................. 10
Novelis ..................................................... 10
Plascon ..................................................... 46
PPG............................................... 10, 18, 32, 50
Shawcor..................................................... 10
Tikkurila ................................................. 10, 32
Valspar................................................... 10, 16
Vapor Technologies,Inc. ........................................ 18
www.coatingsworld.com
January 2012
