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Henkel acquires consumer adhesives company

RP news wires, Noria Corporation
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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