Adco Global, Inc. Acquires Kommerling.Business Editors RALEIGH, N.C.--(BUSINESS WIRE)--Nov. 14, 2000 Boyd Wainscott, Chairman and Chief Executive Officer of ADCO ADCO Abu Dhabi Company for Onshore Oil Operations ADCO Alcohol and Drug Control Officer ADCO Air Defense Control Center ADCO Alcohol & Drug Control Office ADCO Air Defense Communications Office ADCO Air Defense Coordination Organization Global, Inc. of Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , today announced the completion of the acquisition of the business of Kommerling Chemische Fabrik of Pirmasens, Germany. ADCO Global, Inc. is a private company formed by Aurora Capital Group of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California to acquire companies in the adhesives, sealants and tapes industry with the goal of becoming a leading global supplier of specialty products, primarily to the telecommunications, transportation and construction markets. Kommerling Chemische Fabrik manufactures polysulphides, polyurethanes, butyls, silicones, solvent and water borne adhesives, and hot melts for the window construction, insulated glass, automotive, commercial vehicle, footwear and furniture end-use markets. Mr. Wainscott said, "ADCO Global's acquisition of the Kommerling Chemische Fabrik business marks a significant milestone in ADCO Global's drive to expand and grow its adhesive and sealants business. The mutual product lines and marketing strategies of ADCO and Kommerling will prove to be highly complementary as the combined company moves forward towards worldwide objectives. We are pleased to include such a highly regarded company and platform for European growth into the ADCO Global strategy." In a separate transaction ADCO Global has also purchased the Stag adhesive and sealant business in the United Kingdom from Honeywell Specialty Wax & Additives Limited. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Wainscott, "The Stag business is a logical extension of Kommerling into the UK and enables us to continue our construction and transportation expansion." ADCO Global estimates that worldwide sales of adhesives, sealants and tapes in 2001 will be approximately $190 million. ADCO Global's products are sold in more than 65 countries. ADCO Products, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , operates a manufacturing and research facility in Michigan Center, Michigan Michigan Center is an unincorporated community in Leoni Township of Jackson County in the U.S. state of Michigan. The United States Census Bureau has defined an area about the community as a Census-designated place (CDP) for statistical purposes. . Other subsidiaries of ADCO Global operate manufacturing and research facilities in Evansville, Indiana
Evansville (IPA: [ˈɛ.vənzˌvɪl]) is the third-largest city in the state of Indiana. . ADCO Global's corporate headquarters are located in Raleigh, North Carolina. |
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