This issue of Adhesives & Sealants Industry magazine brings the ASI Top 25, our exclusive ranking of the leading 25 worldwide manufacturers of adhesives and sealants. ASI combined details from company websites, annual reports and press releases to compile the rankings. Included with each company’s listing are estimated 2017 sales figures (if publishable), a company profile, contact information and news highlights.
In some cases, revenue figures were provided by company representatives; all details were verified whenever possible. While our staff made every effort to seek out the top companies in the industry, some companies may have been inadvertently omitted. We will work throughout the year to provide any changes or updates for our online version of the ASI Top 25 and in next year’s ASI Top 25 issue. To include your company in our listing, please contact Editor Teresa McPherson at mcphersont@bnpmedia.com.
1
DowDuPont
Midland, Mich., and Wilmington, Del.
Estimated 2017 revenue: $62.484 billion (2016: $48 billion)
On September 1, 2017, DowDuPont™ announced the completion of the merger of equals between The Dow Chemical Co. and E.I. du Pont de Nemours & Co. The combined entity now operates as a holding company under the name DowDuPont with three divisions: Agriculture, Materials Science and Specialty Products.
“Today marks a significant milestone in the storied histories of our two companies,” said Andrew Liveris, executive chairman of DowDuPont. “We are extremely excited to complete this transformational merger and move forward to create three intended industry-leading, independent, publicly traded companies.”
The Transportation & Advanced Polymers division of the company provides high-performance engineering resins, adhesives, lubricants and parts to the transportation, electronics, medical, industrial, and consumer end-user markets. The division had net sales of $2.521 billion in 2017, up from $897 million in 2016. Broad-based volume growth was reportedly driven by increased demand for polymers in automotive, electronics and industrial markets.
Source: Press releases, annual report
2
3M
St. Paul, Minn.
Estimated 2017 revenue: $31.7 billion (2016: $30.109 billion)
3M applies science in collaborative ways to improve lives daily. While leading a broad range of markets—from health care and highway safety to office products, abrasives and adhesives—3M’s 90,000 employees connect with customers all around the world. In fiscal 2017, revenue rose 5.1% year-on-year from $30.109 billion in 2016.
In 2017, 3M was selected for inclusion in the 2017 Dow Jones Sustainability Index (DJSI). This marks the 18th consecutive year 3M has been recognized for its sustainability efforts both in the U.S. and globally, reportedly one of few companies to consistently appear on the list.
“Part of the 3M Vision is improving every life, and we take that very seriously,” said Jean Bennington Sweeney, chief sustainability officer. “More than ever, we have a strong sense of purpose at the heart of everything we do from products to policies to partnerships.”
In August 2017, the company introduced 3M™ 4076 extended wear medical tape, intended to offer medical device manufacturers and engineers a long-term wear, acrylic-based adhesive solution designed to increase patient comfort and provide a strong and reliable bond in challenging applications. The non-sensitizing, conformable adhesive was developed for long-term wear, reportedly providing a bond that is firm yet comfortable so patients may not even realize they are wearing a device.
Source: Press release
3
Henkel AG & Co. KGaA
Düsseldorf, Germany
Estimated 2017 revenue: $23.658 billion (@20.029 billion) (2016: $20.948 billion)
Henkel operates worldwide in three business areas: Laundry & Home Care, Cosmetics/Toiletries and Adhesive Technologies. Adhesives, sealants and surface treatments from Henkel serve the transportation, electronics, aerospace, metal, durable goods, consumer goods, maintenance, and repair and packaging industries, with a range of products for the craftsman and consumer.
“2017 was a successful year for Henkel,” said Henkel CEO Hans Van Bylen. “Despite challenging and volatile market conditions, we reached new record levels in sales and earnings and achieved our financial targets for the year. This strong performance was driven by our engaged and passionate global team. For the first time, we exceeded annual sales of @20 billion. We also achieved record margins and new highs in earnings per share—in line with our commitment to deliver sustainable profitable growth.
“We focused on the implementation of our strategic priorities and achieved substantial progress with many key initiatives and projects. In the course of the year, we also made several attractive acquisitions which will complement and further strengthen our portfolio.”
In June, Henkel announced plans to partner with Fiat Chrysler to save weight and improve process and material performance on Alfa Romeo’s Giulia. Henkel and Fiat Chrysler Automobiles are set to discuss their close cooperation in the development of new treatment processes applied to the latest version of the Alfa Romeo Giulia.
In fiscal 2017, the Henkel Group spent @476 million (~ $559 million) on research and development, compared to @463 million (~ $544 million) in 2016. The Adhesives Technology business segment made up for about 59% of R&D expenditures. As a percentage of the company’s sales, R&D expenses were 2.4%, vs. 2.5% in 2016. On an annual average, the company has approximately 2,700 employees in R&D, representing about 5% of the workforce.
Source: Press releases, annual report
4
Huntsman
The Woodlands, Texas
Estimated 2017 revenue: $8.358 billion (2016: $9.657 billion)
Huntsman Corp. is a publicly traded global manufacturer and marketer of differentiated chemicals, with 2017 revenues of more than $8 billion. The company makes thousands of chemical products, which are sold worldwide to manufacturers serving a diverse range of consumer and industrial end markets. It operates more than 75 manufacturing, R&D and operations facilities in approximately 30 countries and employs approximately 10,000 people within its four business divisions.
“2017 was a transformational year marked with significant milestones for our company,” said Peter R. Huntsman, chairman, president and CEO. “We successfully separated our Pigments and Additives business, now called Venator, by IPO and completed a first follow-on offering in December. Combined with our cash flow and the $1.7 billion in net proceeds from Venator, we were able to pay down approximately $2.1 billion in debt during the year. This debt reduction enabled Huntsman to enter 2018 with the strongest balance sheet in its history. ”
In August 2017, Huntsman announced its subsidiary Venator Materials PLC, a global company that develops and manufactures titanium dioxide (TiO2) pigments and performance additives, completed its initial public offering (IPO) of 26,105,000 ordinary shares, which includes 3,405,000 ordinary shares issued upon the exercise in full by the underwriters of their option to purchase additional ordinary shares. The company reportedly intended to use approximately $725 million of net proceeds from the Venator debt distribution and the net IPO proceeds of about $475 million, excluding anticipated taxes, to pay down existing company debt.
“This IPO marks a significant milestone for Huntsman Corp. and creates substantial value for our shareholders,” said Peter R. Huntsman. “I want to thank the employees who worked relentlessly over the last several months to turn our Pigments and Additives division into Venator, a new standalone publicly traded company which I believe is well positioned for the future.”
In December 2017, Huntsman announced that Peter Huntsman was elected chairman of the board of directors, an additional role he assumed as of January 1. The company’s founder, Jon M. Huntsman, stepped down as executive chairman on December 31, 2017, and the role of executive chairman was eliminated.
Sources: Annual report, press releases
5
Avery Dennison
Glendale, Calif.
Estimated 2017 revenue: $6.61 billion (2016: $6.086 billion)
Avery Dennison is a global leader in pressure-sensitive and functional materials and labeling solutions. The company’s applications and technologies are used in every major industry. With operations in more than 50 countries and more than 25,000 employees worldwide, Avery Dennison serves customers in the consumer packaging, graphical display, logistics, apparel, industrial, and healthcare industries.
Revenue for 2017 was $6.61 billion, an increase of 8.7% compared to $6.086 billion in 2016. The company reported research and development expenses for fiscal 2017 of $93.4 million, compared to $89.7 the prior year.
“2017 marked the company’s sixth consecutive year of strong top-line growth, margin expansion, and double-digit adjusted EPS growth,” said Mitch Butier, president and CEO. “Strong top-line performance in 2017 reflected a balance of contributions from acquisitions and organic growth, driven by our focus on faster-growing high value categories and large presence in emerging markets.”
In June, Avery Dennison’s Industrial and Healthcare Materials’ Performance Tapes business opened an Electronics Solutions and Technology center in Silicon Valley, Calif. The new 6,000-sq-ft facility is designed, equipped and staffed to provide engineering solutions and services to Avery Dennison’s electronics industry customers.
In July, Avery Dennison announced the appointment of Gregory S. Lovins to senior vice president and chief financial officer. Lovins is now responsible for leading financial operations across the company, and oversees the information technology group. Previously vice president and interim chief financial officer, he has spent more than 20 years with the company.
Sources: Annual report, press releases
6
Sika AG
Baar, Switzerland
Estimated 2017 revenue: $6.24 billion (CHF 6.248 billion) (2016: $5.96 billion)
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world; its more than 18,000 employees manufacture in over 200 factories.
All regions reported higher sales and were reportedly able to further increase market share. Particularly high growth rates were seen in the U.S., Mexico, Argentina, China, Southeast Asia, the Pacific area, the Middle East, Eastern Europe, and Africa, as well as in the automotive sector.
In late 2017, the company announced new management appointments. Christoph Ganz was promoted to president, Region Americas, Sika AG. He is responsible for all Sika companies and countries in North, South, and Central America. In his over 20-year career at Sika, Ganz has reportedly demonstrated strong leadership and continuous success and growth in the various positions he has held.
Richard (Rick) Montani was named president and CEO of Sika Corp. (USA). A veteran leader for Sika for over 29 years in the U.S., Montani reportedly played a decisive role in the development of the company’s construction materials business.
Source: Annual report, company website
7
Wacker Chemie AG
Munich, Germany
Estimated 2017 revenue: $5.81 billion
(@4.92 billion) (2016: $6.132 billion)
Wacker is a globally operating chemical company with 13,811 employees. The company operates 23 production sites worldwide and has subsidiaries and sales offices in 31 countries in the Americas, Asia, Australia, and Europe.
In June, Wacker started up a new silicones R&D center in Ann Arbor, Mich., intended to push the development of new products in North America. In November 2017, the company broke ground on an expansion of its existing production facilities for dispersions and dispersible polymer powders in Ulsan, South Korea. A new spray dryer for dispersible polymer powders with a capacity of 80,000 mt was being built, as well as a further reactor for dispersions based on vinyl acetate ethylene copolymer. Production was reportedly set to start in the first quarter of 2019 for the @60 million (~ $70 million) project.
Source: Press releases
8
RPM International Inc.
Medina, Ohio
Estimated 2017 revenue: $4.95 billion (2016: $4.81 billion)
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. The company’s industrial products include roofing systems, sealants, corrosion-control coatings, flooring coatings and other construction chemicals. Consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. RPM’s specialty products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings, restoration services equipment, and specialty glazes for the pharmaceutical and food industries.
The company announced several acquisitions in 2017. In January, RPM acquired Prime Resins to be part of its USL Group. Prime Resins is a manufacturer of specialty chemicals and equipment for infrastructure construction and repair with annual net sales of approximately $7 million. In July, it acquired Key Resin Co., a manufacturer of polymer flooring and coating systems, which will operate as one of RPM’s Euclid Group of companies. Key Resin has annual net sales of approximately $25 million. And in October, the USL Group acquired Ekspan Holdings Ltd., a provider of movement control products and services for bridges and major structures. Headquartered in Sheffield, UK, Ekspan reportedly has annual net sales in excess of $10 million.
Research and development costs are charged to operations when incurred; for the year ended May 31, 2017, R&D expenses were $64.9 million.
Source: Press releases, annual report
9
MAPEI
Deerfield Beach, Fla.
For 80 years, MAPEI has produced adhesives, sealants and chemical products for the building industry. The company currently operates 73 production facilities in 33 countries around the world.
MAPEI reportedly reinvests 5% of its annual sales revenue into research and development of new products. The company’s worldwide laboratories work on more than 150 new projects each year.
In April, Jesse Osborne was appointed the new general manager for the company's MAPEI/GRT concrete admixtures and cement additives division, which is headquartered in Eagan, Minn. In this role, he interacts closely with MAPEI’s Global Liquid Admixture Group and the Research & Development Center in Milan, Italy.
Source: Press releases
10
H.B. Fuller
St. Paul, Minn.
Estimated 2017 revenue: $2.3 billion (2016: $2.094 billion)
H.B. Fuller provides adhesives, sealants, and other specialty chemical products for markets and applications including packaging, building and construction, paper converting, woodworking adhesives, general assembly adhesives and laminates, person hygiene and nonwovens, tile and floor adhesive products, and polymers. Net revenue for the 2017 fiscal year was $2.3 billion, up 10% compared to $2.094 billion in the 2016 fiscal year. Research and development expenses were reportedly $30.1 million in 2017, $28.6 million in 2016 and $26.2 million in 2015.
In October 2017, the company acquired Royal Adhesives & Sealants LLC, which had net revenue of $658 million during the 2017 fiscal year ended December 2, 2017. Speaking on the acquisition, CEO Ted Clark said, “This is an exciting step for Royal and our network of brands. Combining these two businesses creates a more capable and dynamic company for our customers and employees. We complement each other, selling in adjacent markets with very little customer overlap, and that presents an interesting number of growth opportunities. We offer different technologies, expertise and capabilities. Yet, we share the same passion for solving product development challenges by discovering and applying innovations in adhesive technology.”
In late 2017, H.B. Fuller announced it received LEED® Gold certification at its newest manufacturing facility in Surabaya, Indonesia. The new facility was reportedly one of only three facilities in the country to receive the Gold certification. With the highest score received among the three, the H.B. Fuller facility was the only chemical industry site with LEED Gold-level certification in the country at the time of the certification in June.
Sources: Company website, press releases, annual report
11
Bostik SA
La Plaine Saint-Denis, France
Estimated 2017 revenue: $2.28 billion (@1.94 billion) (2016 revenue: $2.2 billion)
Bostik is a leading global adhesive specialist in construction, consumer and industrial markets. In late 2017, Bostik announced the opening of a new facility in Gujarat, India. Together with its existing plant in Bangalore, the new plant serves the fast-growing demand in India for adhesives in industrial markets. The new facility will produce advanced hot-melt pressure-sensitive adhesives (HMPSA) for industrial sectors such as flexible lamination, transportation and footwear production. The plant reportedly employs the latest manufacturing techniques to ensure safety, quality and efficiency together with reduced production cycle times.
On January 2, 2018, Bostik acquired the assets of XL Brands, a leader in floor covering adhesives in the U.S. This transaction, based on a $205 million enterprise value, will reportedly enable Bostik to offer a full range of solutions for this growing high added-value market.
Bostik’s revenue rose by 26% from
@1.53 billion (~ $1.79 billion) in 2014,
the year it joined the Arkema family, to
@1.94 billion (~ $2.27 billion) in 2017.
In addition to harnessing the @50 billion
(~ $58.6 billion) global adhesives market’s 3% average annual growth, Bostik is capitalizing on the marketing, financial and technological synergies created by its integration into Arkema. “The merger increased our capex capacity and innovation potential, while making our brands more attractive to professionals and consumers,” said Vincent Legros, president and CEO.
In 2017, Bostik invested 2.6% of its sales in R&D, up from 2.3% in 2010. It operates four R&D centers and 11 technical centers, with a total team of 500 people. It has launched 600 new products since 2014.
Sources: Press releases, annual report
12
Dow Automotive Systems
Auburn Hills, Mich.
Estimated 2017 revenue: $1.839 billion (2016: $1.744 billion)
Dow Automotive Systems, a business unit of The Dow Chemical Co., is a leading global provider of collaborative solutions and advanced materials for original equipment manufacturers, tier suppliers, aftermarket customers and commercial transportation manufacturers. Its materials focus includes structural, elastic and rubber-to-substrate adhesive solutions; polyurethane foams and acoustical management solutions; films; fluids; and innovative composite technologies. Offices and application development centers are located around the world. Dow Automotive has a portfolio of almost 400 patents, with more than 100 patents pending on its newest technologies.
In August 2017, Dow Automotive Systems announced that it had received top supplier recognition from Honda R&D Americas Inc. and Honda Brazil. In North America, it received an Excellence in Innovation award for OEM suppliers. BETAMATE™ structural adhesives and BETAFOAM™ polyurethane foams reportedly helped Honda deliver the new 2018 Odyssey with improved cabin quietness and structural rigidity, as well as reduced vehicle weight.
Source: Company contact
13
Illinois Tool Works Inc.
Glenview, Ill.
Estimated 2017 revenue, Polymers & Fluids segment: $1.724 billion
(2016: $1.691 billion)
Illinois Tool Works Inc. (ITW) is a diversified manufacturer of highly engineered components and industrial systems and consumables. The company’s Polymers & Fluids business segment includes adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. Its businesses and brands include Plexus, Permatex, TACC, and Schnee-Morehead. Electronics organic revenue increased 2.2% in fiscal 2017. The electronics assembly businesses declined 1.1% primarily due to a decrease in North America. The other electronics businesses, which include the contamination control, static control and pressure-sensitive adhesives businesses, grew 4.7%, primarily due to higher semiconductor end market demand in North America.
ITW as a corporation had revenues of $14.3 billion, an increase of 5%. The company reported research and development expenses of $225 million for the year ended December 31, 2017, compared to $223 million for the previous year.
Sources: Company website, press release, annual report
14
LORD Corp.
Cary, N.C.
LORD Corp. is a diversified technology and manufacturing company developing adhesives, coatings, motion management devices, and sensing technologies that significantly reduce risk and improve product performance. For more than 90 years, LORD has collaborated with customers to provide innovative oil and gas, aerospace, defense, automotive, and industrial solutions.
With world headquarters in Cary, N.C., LORD has approximately 3,000 employees in 26 countries and operates 19 manufacturing facilities and 10 R&D centers worldwide. LORD actively promotes STEM education and many other community engagement initiatives.
In June, LORD announced the appointment of Gareth McAllister to the position of president, Asia-Pacific (APAC) region. He previously served as the regional director of China, where he focused on commercial excellence and technical support through driving the culture to achieve greater customer engagement.
Also in June, Charmaine Riggins was named president of the company’s Europe, Middle East and Africa (EMEA) Region. Since joining LORD in 1995 as senior engineer for the company’s Structural Adhesives & Coatings division, Riggins has served in positions of increasing responsibility in the areas of technology, marketing, finance, sales, operations, and a previous international assignment in Europe.
Source: Company contact, press releases
15
Jowat Corp.
Archdale, N.C.
Parent company: Jowat SE
The Jowat Corp. was established in 1979 as a subsidiary of Jowat SE (established in 1919). The company manufactures adhesives used in industrial applications, including wood and furniture, paper and packaging, construction, structural wood, upholstery, mattress and foam converting, graphics and bookbinding, automotive, textile, and assembly.
In September 2017, Jowat SE announced it was building a new and future-oriented innovation and application center at the company’s headquarters in Detmold, Germany. The new House of Technology will serve as a meeting point and offer a tangible experience of bonding technology for customers and partners. It will feature showrooms, labs, and training space, as well as state-of-the-art industrial equipment for tests and demonstrations.
In October 2017, a new subsidiary was opened in Vietnam with the objective to provide the optimum service for customers and efficient adhesives supply. The newly established company in Ho Chi Minh City reportedly came in response to the rapidly evolving markets in Asia-Pacific and to the continuously growing demand for Jowat adhesives in the region.
Source: Company contact, press releases
16
Mactac® North America
Stow, Ohio
Mactac North America has manufactured and supplied pressure-sensitive adhesives (PSAs) and tapes for over 50 years. The company serves industries including labeling, packaging, assembly engineering, automotive assembly, medical device assembly, graphic design, digital imaging, and more.
Along with North America, MACtac serves markets in Europe, South America and the Far East, and has manufacturing and distribution facilities in 14 countries worldwide.
Source: Company contact
17
Franklin International
Columbus, Ohio
Franklin International manufactures adhesives for the domestic and global wood furniture, millwork, construction and engineered-lamination markets. It also provides pressure-sensitive adhesives for office products and food packaging, as well as specialty polymers to various companies to formulate or use them in fiberglass, filter fabrication, and nonwovens.
Franklin International is among the largest privately held manufacturers of adhesives and sealants in the U.S. The company opened in 1935 as the Franklin Glue Co. with its first adhesive. To address a major concern in the furniture manufacturing industry, the company reportedly developed the first ready-to-use liquid hide glue, which could be applied at room temperature instead of the 140°F required for traditional hide glue. The glue is still widely used for interior woodworking, musical instruments and antique restoration. Today, the company operates as Franklin International to reflect its global distribution across 60 countries on six continents around the globe.
Source: Company website
18
KLEBCHEMIE M. G. Becker
GmbH & Co. KG
Weingarten Baden, Germany
KLEBCHEMIE MG Becker GmbH & Co. KG, located in Weingarten in Baden, Germany, operates modern and innovative research and manufacturing centers worldwide. The company works closely with international customers to develop and produce innovative adhesive systems that are used in many areas. The company has a total of 550 employees worldwide.
Source: Company contact, company website
19
DELO Industrial Adhesives
Sudbury, Mass.
Estimated 2017 revenue: $191 million (@159 million) (2016: $101 million)
DELO reported a sales record of $191 million (@159 million) in 2017, an increase of 67%, compared to the previous year, when the company achieved a turnover of $114 million (@95 million). The main growth was seen in Asia, where sales doubled. Other markets also performed well, with revenues in Germany seeing a substantial growth of 19%. The company reportedly spent 15% of its sales revenue on R&D, as of March 31, 2018.
“Even by our standards, this growth is extraordinary. It is, above all, the result of major special projects in the electronics sector,” said Wolf-Dietrich Herold, Ph.D., managing partner. “The continued good shape of the global economy and the significantly increased focus on quality shown by our Asian electronics customers gave us further momentum.”
DELO’s growth is also reflected in the distribution of revenues across various industries. Sales in the electronics industry have more than doubled, while sales have increased by more than 20% in the automotive and mechanical engineering industries.
DELO currently has a workforce of 700 people, 630 of whom work at the company’s headquarters in Windach, Germany, near Munich. The company reportedly created 100 jobs in the past fiscal year and plans to create at least 100 more during the current year. In order to keep pace with growth, a new production hall with a surface area of more than 86,000 sq ft (8,000 sq m) is currently under construction, as well as a building covering 51,600 sq ft (4,800 sq m) that is intended for the development and production of dispensing and curing systems.
Source: Company contact, press release
20
The Reynolds Co.
Greenville, S.C.
Parent company: Itochu Chemicals International
The Reynolds Co. is a manufacturer of water-based, hot-melt and dry-blended adhesives. The company also performs customized, contract or “toll” blending, as well as private labeling.
Source: Company contact
21
Dymax Corp.
Torrington, Conn.
Dymax Corp. is a leading manufacturer of advanced light-curable adhesives, coatings, oligomers, light-curing equipment, and fluid dispense systems. The corporate headquarters are based in Torrington, Conn., with additional facilities in Germany, China, Hong Kong, Korea, Singapore, and Ireland. Dymax employs more than 250 people worldwide and owns over 30 technology patents.
The company works with OEMs to create complete system solutions that increase manufacturing efficiency and throughput, enhance quality, improve safety, and reduce environmental impact. Dymax products are used in the medical, electronics, optical, aerospace, automotive, appliance, metal finishing, and alternative energy industries.
Source: Company contact, company website
22
General Sealants Inc.
City of Industry, Calif.
For over 50 years, General Sealants Inc. has specialized in the manufacture of sealants and adhesives for its customer base in the aerospace, telecommunication, automotive OEM, composites, HVAC, pipeline, highway, industrial manufacturing, construction, and RV/caravan industries. Headquartered in City of Industry, Calif., and with current product distribution in over 72 countries, General Sealants is reportedly one of the longest continuously operating, privately held extruded sealant manufacturers in the world. Company leadership has been headed by three consecutive generations.
General Sealants has a focus on research and development in sealant technology around the world, extended its reach to places such as the Cerritos Technology Center, where manufacturing methodologies of the future are being developed. In addition, the company donates to schools such as Cerritos College, Queens University and Los Altos Academy of Engineering.
Source: Company contact, company website
23
Uniseal Inc.
Evansville, Ind.
Parent company: Koch Enterprises Inc.
Uniseal develops application-based adhesive and sealant solutions to meet the needs of its automotive OEM customers and customers in other industries. Products are supplied globally for use in the automotive, heavy truck and trailer, agricultural and heavy equipment, and general industrial markets.
In May 2017, Uniseal announced it opened a 1,455-sq-m (15,665-sq-ft) manufacturing facility in Derby, UK. The new facility is intended to produce bulk-applied materials, such as structural adhesives, crash-durable adhesives, anti-flutters, body panel reinforcements, and sound-dampening materials for Europe-based automotive manufacturers. The Derby facility will reportedly house sales offices, as well as manufacturing and logistics operations. Uniseal will initially employ 20 people in Derby, with projections to double the workforce in the future.
“The addition of the facility in Derby is aligned with Uniseal’s customer-centric focus on expanding local, technical and sales support while bringing the supply of our products closer to customer operations,” said Brandon Willis, president. “This will be the third manufacturing facility for Uniseal outside of North America, which is a testament to our growth within the automotive industry worldwide.”
Sources: Company contact
24
Sashco
Brighton, Colo.
According to the company, it has been driven since 1936 by a passion to make products that work right the first time.
Source: Company contact
25
Yokohama Industries Americas Inc.
Versailles, Ky.
Parent company: Yokohma Rubber Co. Ltd.
In 1989, Yokohama Hydex established Yokohama Industries Americas to meet the ever-growing demands of U.S. automakers. Yokohama Industries Americas’ Sealant Division, located in Versailles, Ky., is a global supplier of high-performance glass bonding adhesive systems to the transportation industry.
Source: Company contact ASI
