H.B. Fuller Acquires Liquid Polymer Corp and Liquamelt® Sustainable Adhesive Technology
ST. PAUL, Minn., April 18, 2011 - H.B. Fuller Company (NYSE: FUL) announced today that it has completed the acquisition of the assets of privately held Liquamelt Corp., an Ohio based manufacturer and marketer of the patented Liquamelt® adhesive system.
"Liquamelt is a unique adhesive system," says Jim Owens, president and chief executive officer. "This 'Cool on Delivery - Hot on Demand' technology is a new category of adhesives and will enable us to help our customers drive cost and complexity from their processes with technology that is based on sustainable and available raw materials. The acquisition of Liquamelt adhesive technology demonstrates our commitment to rapid innovation and new product delivery to the adhesives industry."
Liquamelt adhesive is flowable at room temperature and combines with easy to use delivery equipment to create a fast-bonding, high-performing adhesive solution. It enables room temperature storage and handling of adhesive, where today traditional hot-melt tank and hose temperatures reach as high as 350 degrees Fahrenheit (180 degrees Celsius). Liquamelt adhesive contains greater than 40 percent renewable raw materials, allows for significant mileage improvements, and results in reduced overall energy consumption. This closed system is easy to maintain and remains free of contamination.
Liquamelt Corp. currently employs eight people. In addition to the material and equipment patents, the principal assets acquired include equipment and inventory. The Liquamelt system is expected to generate less than $1 million in revenue in 2011. The financial results of this business will be included in the Company's North America operating segment.
The Liquamelt adhesive system will be available exclusively from H.B. Fuller. The company will leverage its global market position and technical expertise to accelerate adoption of this new category of superior adhesive technology and add value to its customers' products and processes.
About H.B. Fuller Company:
For nearly 125 years, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants, paints and other specialty chemical products to improve products and lives. Recognized for unmatched technical support and innovation, H.B. Fuller brings knowledge and strength to help its customers find precisely the right formulation for the right performance. With fiscal 2010 net revenue of $1.36 billion, H.B. Fuller serves customers in packaging, hygiene, paper converting, general assembly, woodworking, construction and consumer businesses. For more information, visit www.hbfuller.com.
Maximillian Marcy
Investor Relations
651.236.5062
Kimberlee Sinclair
Corporate Communications
651.236.5823
SOURCE H.B. Fuller Company
Web Site: www.hbfuller.com
