News & Press
Blog Home All Blogs
Search all posts for:   

 

View all (635) posts »
 

H.B. Fuller To Buy Royal Adhesives & Sealants For $1.575 Bln

Posted By ASC, Tuesday, September 5, 2017

H.B. Fuller Company ( FUL ) said that it has signed an agreement to purchase Royal Adhesives & Sealants, a manufacturer of high-value specialty adhesives and sealants, for $1.575 billion, subject to customary adjustments. H.B. Fuller intends to finance the transaction through new debt financing.

"Upon closing the transaction, H.B. Fuller will be a company with nearly $2.9 billion in revenue, focused on profitable growth in attractive engineering, durable assembly, and construction adhesives markets," said H.B. Fuller President and Chief Executive Officer Jim Owens.

Royal is expected to generate approximately $650 million in revenue and $138 million in adjusted EBITDA for H.B. Fuller's fiscal year 2017. The company operates 19 manufacturing facilities in 5 countries, and employs approximately 1,500 people globally.

 

Tags:  Industry News 

Share |
Permalink | Comments (0)
 
Membership Software Powered by YourMembership  ::  Legal