Soudal acquires adhesives producer Mitol
Soudal announces the acquisition of Slovenia based adhesive manufacturer Mitol. The company has a turnover of 17 million euro and a product portfolio of more than 500 high-quality technical adhesives, further strengthening Soudal’s position on the industrial adhesives market.
Mitol was founded in 1947 in the Slovenian town of Sežana, originally as a dairy company. In 1954 the first glue was developed. In the next decades Mitol expanded to the production of synthetic adhesives. The company gained a strong position in the Balkan countries, after which new export markets were explored.
Currently, Mitol realizes 60% of its turnover in export to more than 30 countries and employs 81 people. Mitol’s product portfolio consists of dispersions, hot melt and PVA/PU based adhesives. These products are mainly destined for the professional woodworking, paper and packaging industry as well as to the bonding of floor covering.
Soudal’s long-term vision for Mitol is to become an Eastern-European center of excellence for adhesives and dispersions.
