H.B. Fuller Company has strengthened its presence in Turkey by signing a definitive agreement to enter into a joint venture with Burak zberk, its longstanding agent in the country. As per the agreemen…
H.B. Fuller Company has strengthened its presence in Turkey by signing a definitive agreement to enter into a joint venture with Burak zberk, its longstanding agent in the country. As per the agreement, a new entity will be set up, with H.B. Fuller owning majority control. “This agreement is a continuation of our commitment to invest in geographies that offer strong growth potential,” said Jim Owens, H.B. Fuller president and chief executive officer. “Our collaboration with Mr. zberk and his team over a period of nearly 10 years has created a solid market position in Turkey, and through this joint venture, H.B. Fuller will further enhance customer support and deepen relationships in that region. This fits with our overall strategy to build on our success around the globe, and expand our footprint in key market segments through strategic investments.” With this new local entity, H.B. Fuller will better support customers and further solidify its presence in the Turkish market, also providing a base for developing an even stronger local commercial team, local logistics support and the potential for local manufacturing in the future. The results of the newly created entity will be reported in the company“s Europe, India, Middle East and Africa (EIMEA) segment. H.B. Fuller expects the new entity to be fully operational within the next six months. H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants, paints and other specialty chemical products for over 120 years.