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Business
Fuller And Sika Get Assets In Asia
by Marc S. Reisch
March 22, 2010
| A version of this story appeared in
Volume 88, Issue 12
Two Western firms are bulking up on Asian adhesives assets. U.S.-based H.B. Fuller has signed an agreement to acquire Malaysian adhesives maker Revertex Finewaters, a joint venture of England-based Yule Catto and Malaysia's Jahor Corp. Yule Catto says it will receive about $17 million for its 63% interest in Revertex, which has 104 employees and annual sales of $18 million. Meanwhile, Swiss construction chemicals firm Sika has acquired Henkel's Japanese construction sealants business, which has annual sales of about $12 million.
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