Friday, July 12, 2024
H.B. Fuller Company, one of the world’s largest pureplay adhesives company, has recently announced the acquisition of ND Industries Inc., a prominent supplier of specialty adhesives and fastener locking and sealing solutions catering to customers in the automotive, electronics, aerospace, and other sectors.
The acquisition is expected to accelerate the realization of H.B. Fuller’s top growth priorities, consistent with the company’s strategy to proactively drive capital allocation to the highest margin, highest growth market segments within the functional coatings, adhesives, sealants and elastomer (CASE) industry. As part of the acquisition, products under ND Industries’ Vibra-Tite® brand will be added to H.B. Fuller’s existing epoxy, cyanoacrylate, UV curable and anaerobic product range.
“ND Industries has been a very profitable, family-owned business for several decades and has impressively built one of the most extensive product portfolios in the pre-applied fastener industry,” says President and CEO Celeste Mastin. “Their products are a natural fit with our existing market segments and bring new technology to our portfolio — combining the benefits of an adhesive and a mechanical fastener within extremely demanding applications — resulting in a powerful advantage for our customers.” Celeste added further.
ND Industries specializes in formulating and manufacturing a diverse range of materials for fasteners and assemblies, enhancing critical functions such as locking, sealing, masking, lubricating, and noise and vibration dampening. Additionally, the company operates a network of processing centers that offer in-house engineered coating application services, increasing the safety and reliability of fastener assemblies. ND Industries also boasts a world-leading line of small pack technologies for maintenance, repair, and operations (MRO). The integration of these innovative adhesives, custom equipment, and pre-applied processing centers further expands H.B. Fuller’s already extensive adhesive application expertise.
“With more than 55 years of excellence and a strong customer base, ND Industries has been at the forefront of technological advancements for decades,” added Richard Wallace, chairman of ND Industries Inc. “Both companies have worked closely over the past several months to ensure a smooth transition and share many of the same values, including close customer collaboration and innovating with speed.” Richard concluded.
Headquartered outside Detroit, Michigan, ND Industries serves a global market with facilities in the United States and Asia, and pre-applied coating partners around the world. The company generated approximately $70 million in revenue in fiscal 2023. The new business, which includes five U.S. locations and 300 employees, will operate within H.B. Fuller’s existing Engineering Adhesives global business unit.
Read more news on: H.B Fuller, adhesive, coatings, fastener
Get more updates on American woodworking industry through: www.woodandpanel.us
Tags: #1 woodworking news, adhesives, coating, HB Fuller, sealants, wood, wood and panel, wood news, woodworking, woodworking and manufacturing, woodworking and processing, woodworking industry, woodworking innovation
Comments: