TIMMINCO ACQUIRES UNIVERSAL ADHESIVES

  &lt;Timminco Ltd> said it acquired
  Universal Adhesives Inc, of Memphis, for undisclosed terms, in
  a move to expand Timminco's operations into the United States.
      The company said Universal Adhesives, with five U.S.
  plants, has annual sales of 12 mln U.S. dlrs, which will double
  Timminco's presence in the North American adhesives market.
      Timminco said Universal Adhesives will complement the
  company's Canadian-based industrial adhesives division and is a
  key step in its long-term goal for expansion in the specialty
  chemical field.
  

