H.B. Fuller Company, St. Paul, MN, has acquired Egymelt, a manufacturer and marketer of hot melt and specialty water-based adhesives headquartered in Cairo, Egypt.
The acquisition of Egymelt establishes our geographic presence in one of the fastest-growing regions in the world, further expanding our manufacturing footprint in a manner consistent with our five-year strategic plan,”said Michele Volpi, president and CEO. “This transaction will allow us to enhance our service offering to global accounts, improve the economics of existing sales to the region and augment our current growth profile.”
Egymelt employs 21 people and had net revenue in 2007 of $4 million. The principle assets acquired include a manufacturing facility, equipment, and inventory. The results …
H.B. Fuller Buys Adhesives Supplier in Egypt
H.B. Fuller Company, St. Paul, MN, has acquired Egymelt, a manufacturer and marketer of hot melt and specialty water-based adhesives headquartered in Cairo, Egypt.
The acquisition of Egymelt establishes our geographic presence in one of the fastest-growing regions in the world, further expanding our manufacturing footprint in a manner consistent with our five-year strategic plan,”said Michele Volpi, president and CEO. “This transaction will allow us to enhance our service offering to global accounts, improve the economics of existing sales to the region and augment our current growth profile.”
Egymelt employs 21 people and had net revenue in 2007 of $4 million. The principle assets acquired include a manufacturing facility, equipment, and inventory. The results …
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