Ato Findley, Inc., Wauwatosa, Wis., and Bostik, Inc., Middleton, Mass., are in the process of integrating their two organizations. This is a result of the merger of their respective parent companies, Elf Aquitaine and TotalFina, both of Paris, France. TotalFinaElf is a $73 billion multinational company with extensive worldwide interests in oil exploration, petroleum refining and specialty chemicals.
Bostik Findley is headed by Laurence Danon, President and Chief Executive Officer. The combined company is composed of three worldwide business groups covering the Americas, Europe and Australia / Asia, The merger creates a worldwide company with 4,500 employees. With production facilities and sales operations in 36 countries across five continents, Bostik Findley’s projected year 2000 revenues are approximately $1 billion.
Michael Klonne has been appointed President of Bostik Findley Americas and will oversee operations of our four business divisions – Construction & Distribution, Industrial Adhesives, Laminations and Nonwovens. These business divisions are led by William Fulton and John Seferian in Middleton; and Joe Arzbecker and Bob Marquette in Wauwatosa, respectively. Ken Rader has been appointed Vice President and Chief Financial Officer, and Gary Delzell has been appointed Vice President of Supply / Regulatory of the combined organizations.
The combined companies offer some of the most advanced adhesives, sealants, and coating technologies that are used in disposable nonwoven, transportation, packaging, converting, assembly, construction, industrial, flooring, do-it-yourself (DIY) and laminating marketplaces.
According to Klonne, “Bostik Findley will be one of the premier adhesives companies in the world with unparalleled technology and geographic balance. Ato Findley and Bostik have well-established, yet diverse, market and product portfolios that complement each other very nicely. There’s little significant overlap in our combined lines of business, so we’re confident that the breadth and depth of our product offerings will make Bostik Findley a powerhouse in many demanding markets.”
Being globally strong, growth oriented, customer focused and innovative, as well as having highly efficient quality and manufacturing processes, along with a strong track record of financial stability, gives Bostik Findley the ability to serve its customers even better as the future brings new opportunities and challenges.
