13 July 1998 00:00 [Source: ICB Americas]Loctite Corporation has agreed to acquire Fel-Pro Chemical LLP, including its five locations in the US, Scotland and Colombia. Completion of the deal is expected by the end of the month.
Fel-Pro, a subsidiary of Federal Mogul Corporation, is a manufacturer of industrial maintenance repair and operations (MRO) products and potting compounds for electronic components marketed under the brand names Nordbak, Clover, C5-A, Fixmaster and Biwax. The company's annual sales are above $35 million. Federal Mogul acquired Fel-Pro Chemical earlier this year when it bought Skokie, Ill.-based Fel-Pro Inc.
"This acquisition will enhance Loctite's ability to serve our customers in the electronics, industrial and MRO markets and further strengthen our distribution partnerships," says Loctite chairman and CEO David Freeman.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Asian Chemical Connections