News from H.B. Fuller regarding recent acquisitions has garnered the most reader interest for the third consecutive week (H.B. Fuller Acquires Apollo and Fourny for $211 Million): “Apollo’s roofing technology includes a range of insulation and membrane adhesives, as well as roof and waterproofing primers. The construction solutions business supplies liquid adhesive, sealants, and resin to construction markets. The industrial adhesive solutions business will enhance H.B. Fuller’s Engineering Adhesives’ transportation product line with high-performance applications for panel laminations in caravans and motor homes, PVC door panels, insulation, furniture, textiles, aircraft seating, and marine vessels.
The total purchase price for the two acquisitions was $211 million, a multiple of 12.3X EBITDA before synergies. Annual run-rate synergies of $8 million are expected to be realized over the next three years, resulting in a post synergy multiple of 8.4X EBITDA.
“With these acquisitions, we have added deep market knowledge, strong customer relationships and a local manufacturing footprint, which will enable H.B. Fuller to capitalize on access to regional capabilities in the UK and core Europe and to fully leverage our CA technology portfolio much more effectively,” said Jim Owens, president and CEO of H.B. Fuller. “Apollo’s highly specified commercial roofing, construction and high-performance industrial adhesives will drive new growth opportunities in our construction and transportation adhesives businesses in the UK and across EIMEA.”
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Top 5 News that Sticks for February 13-19
- H.B. Fuller Acquires Apollo and Fourny for $211 Million third week at #1!
- Avery Dennison Sees Nearly 21% Increase in Net Sales for 2021
- Hexion Holdings Completes Sale of Epoxy Businesses to Westlake Chemical
- Sales Climb 9% for Ashland in First Fiscal 2022 Quarter
- Mactac Completes Spinnaker Coating Acquisition
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media channels.