Loctite to Buy Fel-Pro

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.





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