H.B. Fuller Establishes Strategic Presence in Middle East North Africa; Acquires...

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Tue Sep 2, 2008 11:52am EDT

H.B. Fuller Establishes Strategic Presence in Middle East North Africa; Acquires Adhesive Business in Egypt

ST. PAUL, Minn.--(Business Wire)--
H.B. Fuller Company (NYSE: FUL) announced today that it has
completed the acquisition of the majority of the assets of privately
held Egymelt, a manufacturer and marketer of hot melt and specialty
water-based adhesives headquartered in Cairo, Egypt.

   "The acquisition of Egymelt establishes our geographic presence in
one of the fastest growing regions in the world, further expanding our
manufacturing footprint in a manner consistent with our five-year
strategic plan," said Michele Volpi, president and chief executive
officer. "This transaction will allow us to enhance our service
offering to global accounts, improve the economics of existing sales
to the region, and augment our current growth profile."

   Egymelt currently employs 21 people and had net revenue in 2007 of
approximately $4 million. The principle assets acquired include a
manufacturing facility, equipment, and inventory. The results of this
business will be included in the Company's European operating segment.

   "This strategic acquisition is just the beginning of a much larger
commitment to this fast growing region and builds upon the momentum
created from the recently announced investments in Asia Pacific to
drive geographic expansion. Plans are already in place and being
executed upon to expand capacity and augment the capability of the
business to more fully serve and support our key global account
partners," commented Volpi.

   About H.B. Fuller Company:

   H.B. Fuller Company is a leading worldwide manufacturer and
marketer of adhesives, sealants, paints and other specialty chemical
products, with fiscal 2007 net revenue of $1.4 billion. Its common
stock is traded on the New York Stock Exchange under the symbol FUL.
For more information, please visit the website at www.hbfuller.com.

   Safe Harbor for Forward-Looking Statements:

   Certain statements in this document may be considered
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are subject
to various risks and uncertainties, including but not limited to the
following: the Company's ability to effectively integrate and operate
acquired businesses; political and economic conditions; product
demand; competitive products and pricing; costs of and savings from
restructuring initiatives; geographic and product mix; availability
and price of raw materials; the Company's relationships with its major
customers and suppliers; changes in tax laws and tariffs; devaluations
and other foreign exchange rate fluctuations; the impact of litigation
and environmental matters; the effect of new accounting pronouncements
and accounting charges and credits; and similar matters. Further
information about the various risks and uncertainties can be found in
the Company's SEC 10-Q filings of April 4, 2008 and July 2, 2008 and
10-K filing of January 30, 2008. All forward-looking information
represents management's best judgment as of this date based on
information currently available that in the future may prove to have
been inaccurate. Additionally, the variety of products sold by the
Company and the regions where the Company does business make it
difficult to determine with certainty the increases or decreases in
net revenue resulting from changes in the volume of products sold,
currency impact, changes in product mix, and selling prices. However,
management's best estimates of these changes as well as changes in
other factors have been included.

H.B. Fuller Company
Steven Brazones, 651-236-5158
Investor Relations
or
Keralyn Groff, 651-236-5104
Public Relations

Copyright Business Wire 2008
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