US-based adhesives provider H.B. Fuller in March completed the acquisition of the global industrial adhesives business from Forbo Group.

The companies entered into a purchasing agreement in December 2011. 
The business acquired represents about 80 per cent (by revenue) of the Forbo Bonding Systems division of Forbo Group, having generated approximately USD 580 million in revenue for the fiscal year that ended 31 December 2011. 
The business operates 17 manufacturing facilities in 10 countries, and employs more than 1,100 people globally. 
"The acquisition strengthens H.B. Fuller and positions us to capitalize on growth opportunities in key geographies and markets, such as packaging and durable assembly. We will leverage our combined assets – people, products, processes, systems and knowledge – to offer customers a superior choice in adhesives," said Jim Owens, H.B. Fuller president and chief executive officer. (ci)