Sanford, Florida -- Hernon Manufacturing, a North American innovator in adhesives, sealants and dispensing equipment, has undertaken a joint venture with Redelease, a major distributor of speciality chemicals in Brazil.
The deal "will allow Hernon Manufacturing to expand into South America," said Edgardo Rodriguez, sales and marketing director for Hernon Manufacturing, in a company announcement.
Headquartered in Sao Paulo, Hernon-Redelease will supply the industrial sector with a portfolio that will initially include 200 items; in the US, Hernon has more than 5000 formulations, many of which are approved by the military. The agreement also includes the construction of a plant in Brazil in 2014.
"We will combine our experience in serving various types of industries with hundreds of cutting-edge solutions developed by Hernon," said Roberto Iacovella, managing director of Redelease. "Thus, we expect to achieve a share of at least 10 percent of the market of industrial adhesives and sealants within two years."