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National Starch and Chemical Company and Collano announce joint venture in engineered wood adhesives

Published on 2003-06-23. Author : SpecialChem

 

National Starch and Chemical Company and Collano, of Sempach-Station, Switzerland, have announced an agreement to form a joint venture. The joint venture, named Purbond AG, will specialize in the manufacture and marketing of moisture-curing liquid polyurethane adhesives for the growing engineered wood market. Purbond will formally start operations in the second half of 2003. Terms were not disclosed.

National Starch and Chemical, a member of the ICI Group, is a leading global manufacturer of industrial adhesives. Collano is an innovator and European market-leader in one-component polyurethane adhesives for the engineered wood market. Both National Starch and Collano enjoy enviable reputations for the quality of their products and customer service. Purbond will combine the global presence of National Starch with the specialty products and application knowledge of Collano, enabling customers around the world to benefit from market-proven technology for engineered wood applications.

Purbond will have its headquarters in Sempach-Station and will be managed by Walter Stampfli, currently the vice president of sales and marketing at Collano's Engineered Wood Division. Stampfli commented, "This is great news for customers, who will now have access to market-leading adhesives and technical support for engineered wood applications, wherever they are located. Purbond will build on the worldwide presence of National Starch and the specialty knowledge of Collano to become the global resource for adhesive systems for wood."

National Starch and Chemical Company is a worldwide manufacturer of adhesives, specialty polymers, electronic and engineering materials and natural polymers, with 2002 sales of $2.97 billion. National Starch is headquartered in Bridgewater, N.J., U.S.A., and is a member of the ICI Group.

Collano is an international manufacturer of adhesives headquartered in Sempach-Station, Switzerland. With annual sales of $80 million and more than 300 employees worldwide, Collano specializes in the development, production and distribution of innovative and ecologically sound adhesive systems for craft and industry. Collano has subsidiaries in Germany, France and the U.S.A.

Source: National Starch and Chemical Company


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