Coatings World - JULY 2013

Benjamin Moore
Montvale, New Jersey / USA
www.benjaminmoore.com

PRIVATE COMPANY
YEAR ESTABLISHED: 1883
REVENUE: $1.9 billion s (2011: 550 million)

MARKETS SERVED

• Architectural coatings • Wood coatings

KEY EXECUTIVES Bob Merritt, president and CEO; Jim Megin, VP finance, CIO and treasurer; Barry Chadwick, VP market development and product: Ken Marino, VP supply chain; Chris Connelly, director, product management; Gelnn Cooper, VP, product development.

Benjamin Moore, a subsidiary of Bershire Hathaway, cur- rently employs 2,193 people. Nine-five percent of its sales are in the architectural/decorative paint segment and five
percent comes from general industrial and industrial maintenance.
Benjamin Moore recently launched two new products. Ultra Spec
500 – Zero-VOC is a professional-quality interior coating designed
to meet the needs of professional painting contractors, facility
managers and property managers. Available in a wide range of
sheens and colors, it offers excellent hiding and touchup proper-
ties, good flow and leveling, easy application and soap-and-water
cleanup. Ultra Spec EXT is a professional-quality exterior coating
designed to meet the needs of professional painting contractors,
facility managers, property managers and specifiers. It is ideal for
exterior surfaces for which durability is critical. Available in thou-
sands of colors, it features superior coverage, adhesion, ease of ap-
plication and easy soap-and-water cleanup. Tinted with Benjamin
Moore’s zero-VOC waterborne colorants, all of the finishes in this
product line are low VOC.

H.B. Fuller Company
St. Paul, Minnestoa, USA
www.hbfuller.com
16

PUBLIC COMPANY
YEAR ESTABLISHED: 1887
REVENUE: $1.886 billion s (2011: 1.557 billion)

MARKETS SERVED

• Adhesives

KEY EXECUTIVES Jim Owens, president and CEO; James Giertz, senior VP and CFO; Joan Schuller, VP, AsiaPacific; Steven Kenny, senior VP, EIMEA; Barry Snyder, VP and chief technology officer.

H.B. Fuller Company is a global manufacturer and marketer of adhesives and other specialty chemical products. The company is managed through four regional operating segments—North America, Europe, Latin America and Asia Pacific. The largest business component in each of the regional segments is adhesives. H.B. Fuller posted sales of $1.886 billion in 2012.

H.B. Fuller undertook the largest acquisition in the company’s history, purchasing the Forbo Group’s global industrial adhesives business, with approximately $575 million in annual revenue. The business acquired represents approximately 80 percent (by revenue) of the Forbo Bonding Systems division of Forbo Group (ranked 29 in last year’s report). Forbo operates 17 manufacturing facilities in ten countries, and employs more than 1,100 people globally. The acquisition propels H.B.

Fuller to a nearly $2 billion adhesives supplier.

H.B. Fuller divested its Central American paints business, selling it to Compania Global de Pinturas S.A, a Grupo Mundial Company, for $120 million.. The paints division produces a broad range of product lines used widely for residential and commercial applications. The sold business includes nearly 800 employees who work across Central America and in production plants and laboratories in Costa Rica, Honduras and Panama.

The company also opened a manufacturing plant in Pune, India, to support growth in this $300 to $400 million emerging adhesives market. The plant produces hot melt and water-based adhesives. The company said it will enable H.B. Fuller to better support its global customers and fast-track its growth. Growth in the region has accelerated dramatically as a result of the investment.