H.B. Fuller Co. (FUL) said Monday that it has signed an agreement to buy adhesives company Plexbond Quimica, S/A, a provider of chemical polyurethane specialties and polyester resins.
The business generated nearly $20 million in revenue for the 2012 fiscal year and operates a manufacturing facility in Curitiba, Brazil.
The Plexbond Quimica business works closely with customers to develop innovative, high-quality adhesives solutions, which will enable H.B. Fuller to leverage the value of the company's existing technologies, particularly those serving the flexible packaging industry.
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