In 2008, we acquired the ‘STARBOND’ brand and range of industrial adhesives, including related formulations, trademark, and other intellectual property rights. This range of adhesive is used on the paper that has the tobacco on each stick of cigarette. We entered this segment of the market through this acquisition as we did not have similar products at that time. The acquisition also expanded our geographical market coverage, as the ‘STARBOND’ range of industrial adhesives were exported to countries that we did not serve prior to the acquisition, such as the United Arab Emirates.
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