H.B. Fuller Announces Strategic Partnership with Jubilant Industries

Rhea-AI Summary

H.B. Fuller (NYSE: FUL) has entered into a distribution agreement with Jubilant Agri and Consumer Products Limited to enhance its adhesive solutions in the B2B woodworking market. This partnership aims to meet the increasing demand for adhesives by leveraging both companies' strengths in product innovation and sustainability. The collaboration will enable H.B. Fuller to provide advanced adhesive technologies, including water-based and hot melt solutions, while allowing Jubilant to expand its market presence across India. This strategic move is expected to enhance customer service and production quality in woodworking applications.

Positive

• Strategic partnership with Jubilant Agri will expand market reach in India.
• Access to advanced adhesive technologies tailored for woodworking applications.
• Potential for improved customer service and production quality.

Negative

• None.

H.B. Fuller (NYSE: FUL) has announced today that it has signed a distribution agreement with Jubilant Agri and Consumer Products Limited (JACPL), a 100% subsidiary of Jubilant Industries Limited, to address the growing demand for adhesive applications in the B2B woodworking segment.

H.B. Fuller and Jubilant Industries announced a strategic partnership for the Woodworking industry in India. (Graphic: Business Wire)

Headquartered in greater Noida, India, and encompassing three major businesses - Consumer Products, Food Polymers and Latex – JACPL will now serve as a national channel partner of H.B. Fuller.

This strategic collaboration will help expand the reach of H.B. Fuller’s high-performing adhesive solutions through a wide range of technologies, including water-based, hot melt moisture cures, and polyurethanes to better meet customers’ specific adhesion and sustainability requirements, while also offering access to global specialists and local expertise, service and technical support.

Harsh Gupta, H.B. Fuller Managing Director for India, Middle East and Africa, is enthusiastic about the announcement with the Jubilant Group saying, "We believe this new partnership will provide a great opportunity to leverage the strengths of both companies to be better positioned at solving complex bonding issues with less impact on the environment. Our next generation of adhesives can contribute to more efficient manufacturing processes across a diverse range of woodworking applications, including furniture, cabinets and countertops, windows, doors and lamination.”

“This collaboration means a lot to Jubilant. As a premier channel partner, we are very pleased to team up with H.B. Fuller to expand our presence in the woodworking market in India," said Manu Ahuja, CEO & Managing Director, Jubilant Industries. “We will be able to further extend our ability to provide premium, high-performance products directly to woodworking customers across the entire country. We trust this collaboration will better meet our customers’ current and future requirements, improve security in production and enhance the quality of finished goods.”

About H.B. Fuller

Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. With fiscal 2020 net revenue of $2.8 billion, H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world's biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, aerospace, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive. For more details visit www.hbfuller.com.

About Jubilant Agri and Consumer Products Limited

JACPL is a wholly-owned subsidiary of Jubilant Industries Limited (JIL). JACPL has four manufacturing locations in India: Gajraula, Kapasan, Samlaya and Sahibabad. The company offers highly competitive product lines based on quality, customer service, product performance, price and product innovations. With a strong team of over 1,000 people, the company is driving business growth over years. Jubilant Industries Ltd (JIL), is listed on BSE & NSE since February 2011. For more details visit http://www.jacpl.co.in/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005757/en/

FAQ

What is the new partnership between H.B. Fuller and Jubilant Agri?

H.B. Fuller has signed a distribution agreement with Jubilant Agri and Consumer Products Limited to enhance adhesive solutions for the woodworking market in India.

How does the H.B. Fuller and Jubilant Agri agreement impact the woodworking industry?

The agreement allows H.B. Fuller to provide innovative adhesive technologies, improving production quality and service in the woodworking industry.

What adhesive technologies will H.B. Fuller offer through its partnership with Jubilant Agri?

H.B. Fuller will offer water-based, hot melt moisture cures, and polyurethane adhesives tailored to meet specific customer needs.

When was the distribution agreement between H.B. Fuller and Jubilant Agri announced?

The distribution agreement was announced on June 28, 2021.

What market does the partnership between H.B. Fuller and Jubilant Agri target?

The partnership targets the B2B woodworking segment in India.