Henkel has acquired the adhesives company Alba Adesivos from Hexion Specialty Chemicals, headquartered in Columbus, Ohio. Alba Adesivos, based in Boituva/Sao Paulo, Brazil, is a leading Latin American producer of branded consumer and professional grade adhesives. In 2005, the company generated sales of about $38 million USD with approximately 140 employees. Its primary products include contact cements, polyvinyl acetate adhesives, silicone sealants, and epoxy putty adhesives for consumers and contractors.
"This acquisition is a perfect complement to our existing product portfolio in Latin America," says Alois Linder, executive vice president, Consumer and Craftsmen Adhesives of Henkel KGaA. "We have acquired a successful business with strong and well-known brands, which will strengthen our business with consumer and craftsmen adhesives in one of our growth regions."
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