Follmann has acquired a majority stake in the Russian adhesives manufacturer ZAO Intermelt in St. Petersburg, thereby further expanding its business in the adhesives sector. The Minden-based company last acquired the British adhesives manufacturer Sealoc in April of this year.
13. July 2018
The company's headquarters in Minden. (Image: Follmann)
On 28 June 2018, Follmann acquired a majority stake in the Russian adhesives manufacturer ZAO Intermelt in St. Petersburg, thereby further expanding its business in the adhesives sector.
In April of this year, the Minden-based company last won the British adhesive manufacturer Sealoc purchased. Sealock already held a minority stake in ZAO Intermelt; following the latest acquisition, the Follmann Chemie Group now holds a total of 84 per cent of the company's shares. The local management retains 16 per cent. Founded in 2006, ZAO Intermelt produces and distributes Unfilled hotmelt adhesives, especially for the packaging sector and, according to the company, generates an annual turnover of 3 million euros.
Dr Henrik Follmann
„With the acquisition of the majority stake, we are now one of the few medium-sized companies that produce hot melt adhesives in Russia and can therefore further strengthen our position in this important market,“ says Dr Henrik Follmann, shareholder of the Follmann Chemie Group. „In future, we will also distribute products from Intermelt's production via our Russian subsidiary OOO Follmann and can thus offer our customers the best possible service. Customised solutions with short delivery times offer.“
The higher capacity utilisation of production in St. Petersburg should also strengthen the competitiveness and thus the overall position of ZAO Intermelt.
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[infotext icon]The Follmann Chemie Group, which is successfully represented worldwide with a large number of sister companies and local sales partners and offices, employs more than 700 people with its subsidiaries Follmann and Triflex and generated a turnover of over 200 million euros in 2017[/infotext].
