Regions :: China
H.B. Fuller to acquire Chinese firm Tonsan Adhesive for $225 million
12:05 AM MDT | June 26, 2014 | Deepti Ramesh
H.B. Fuller says that it has signed an agreement to acquire Tonsan Adhesive (Beijing). Tonsan, which was founded in 1993, specializes in R&D, manufacturing and sale of engineering adhesives. Fuller will acquire 95% of the equity of Tonsan for 1.4 billion renminbi ($225 million) in cash. The four founding shareholders of Tonsan will remain with the company as a part of the leadership team and retain a minority equity interest, Fuller says. Tonsan has annual revenue of about $100 million, and Ebitda of just under $20 million, Fuller says. Tonsan helps customers...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee