People & Business :: Companies
Total Subsidiary Acquires Brazilian Tile Adhesives Firm
2:40 PM MDT | July 11, 2012 | Vincent Valk
Bostik, Total’s adhesives and sealants subsidiary, has acquired Usina Fortaleza (São Roque, Brazil), a Brazilian tiling adhesives maker. Usina Fortaleza’s products are aimed at the construction industry. “Usina Fortaleza provides Bostik the opportunity to enter the Brazilian market as one of the top players,” says Sergio Moutinho, head of Usina Fortaleza’s management team. Bostik intends to keep Usina Fortaleza’s investment plans, initiated by Moutinho in 2010, in place. The plans are based on the...
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