Established in 1983, Pennsylvania-based Adhesives Specialists is a maker of water-based and hotmelt adhesives in its 40,000ft² facility and supports customers across the US
Eukalin snaps up Adhesives Specialists. (Credit: honglixin from Pixabay)
Adhesives maker Eukalin Corporation, a member of Eukalin Group, has completed the acquisition of 100% of the assets of Adhesives Specialists.
Established in 1983, Pennsylvania-based Adhesives Specialists is a maker of water-based and hotmelt adhesives in its 40,000ft² facility and supports customers across the US.
The firm produces adhesives for many applications, including bottle, can and jar labelling, food packaging, carton sealing, paper bag forming and foam bonding.
In Germany, Eukalin is one of the leading adhesives producers for paper and film converting. In the North American market, the firm operates under Eukalin Corporation since 2008, focusing on the envelope, packaging and industrial sack segments.
Upon closing of the deal, the acquired company will be known as Adhesives Specialists, a division of Eukalin Corporation.
Eukalin Corporation president Jan Schulz-Wachler said: “This is our first acquisition outside of Germany. We were looking for a company in the United States that could help us respond to the growing needs of Eukalin’s North American customers and that fits to our corporate philosophy.
“It was important not only to acquire a production facility, but also to add further technology and expertise in the area of water-based and hotmelt adhesives.
“Our common target is to strengthen our strategic presence and after a short transition period to start manufacturing Eukalin products using local raw materials.”
Adhesives Specialists owner Steve Russo said: “I am proud of what ASI has built and accomplished over the past 40 years with our people, relationships, customers, and suppliers.
“It is important that this transaction remains in line with our company’s culture so ASI can continue to grow and thrive as part of Eukalin.
“Both organisations share common values, and I am confident our new relationship with Eukalin will allow us to both capitalise on significant growth opportunities.”