Fiber-Resin Corp. increased its space by 50 percent and expanded its resins business by relocating to Chatsworth, Calif., where it is consolidating with an operation it recently acquired from Hexcel Corp. Fiber-Resin bought Hexcel's U.S. resins business Oct. 30. The business had 1994 sales of $9 million in epoxies, urethanes and casting resins. Fiber-Resin's 25 employees are leaving a leased facility in Burbank, Calif., and the company has hired half of the 50 former Hexcel workers at the Chatsworth site.
Fiber-Resin maintains a presence in the slow-growth aerospace and aircraft markets, but aims now for other durable-goods markets such as medical, filtration, automotive and electronics.
Fiber-Resin will spend several more weeks vacating the Burbank site and moving equipment to the 42,000-square-foot Chatsworth plant it acquired from Pleasanton, Calif.-based Hexcel.
Fiber-Resin is a wholly owned subsidiary of H.B. Fuller, a St. Paul, Minn.-based manufacturer and marketer of adhesives, sealants, coatings, paints and specialty chemical products with fiscal 1994 sales of $1.1 billion.
H.B. Fuller indicated it will sell those portions of the combined business that do not fit its long-range plans.