Bond It opens for business in the United States
POSTED ON Monday 9th May 2016
POSTED IN Building & General News
Manufacturer of sealants, adhesives and building chemicals, Bond It has created a new business in the United States.
Seal It Services Inc., based in Fort Lauderdale, Florida, will be used by Bond It to open up increased export opportunities for its range across the North American continent.
Specific products offered by Seal It Services Inc. will include ER™ Tape. Originally developed for the U.S. military, this self-fusing silicone rubber tape is well-known and highly regarded throughout America thanks to its ease of use and versatility.
It can be used to carry out fixes and repairs across an enormous variety of plumbing, electrical, automotive and marine applications.
As part of the formation of Seal It Services Inc., Bond It purchased the ER™ Tape brand and associated production plant from previous manufacturer, Rowe Industries.
In addition, Seal It Services Inc. will complement ER™ Tape with a number of other existing Bond It products including sealants and adhesives.
Legal support for the formation of Seal It Services Inc. and the purchase of ER™ Tape was provided by Global 100 law firm, Nixon Peabody LLP. Finance was provided by HSBC with financial due diligence provided by KPMG India.
Commenting on the formation of Seal It Services Inc., David Moore, managing director at Bond It, said: “Bond It has been looking to develop its presence in North America for some time as part of ambitious plans for further global expansion.
“The formation of Seal It Services Inc. will play an important part in achieving this goal and will enable us to build on the reputation of ER™ Tape and the impressive success enjoyed by Bond It products elsewhere in the world.
“Seal It Services Inc. will continue to manufacture silicone tape for some of the biggest names in the industry and we also see strong opportunities to export ER™ Tape to new markets worldwide.”