H.B. Fuller takes over Royal Adhesives & Sealants
H.B. Fuller Company has signed an agreement to purchase Royal Adhesives & Sealants, a leading manufacturer of high-value specialty adhesives and sealants.
The agreed upon purchase price is US-$1,575 million (EUR1,34 million).
Merging two adhesives businesses
“Royal’s complementary offerings will expand our presence in North America, Europe and China, and add new technology and capabilities. We have identified $35 million in cost synergies and $15 million in growth synergies that we expect to realise over the next three years”, says H.B. Fuller President and Chief Executive Officer Jim Owens. “Upon closing the transaction, H.B. Fuller will be a company with nearly $2.9 billion in revenue.”
About Royal Adhesives & Sealants
Royal Adhesives & Sealants is a supplier of industrial adhesives and sealants in a diverse set of end markets, including aerospace, transportation, commercial roofing, insulating glass, solar, packaging and flooring applications. The company operates 19 manufacturing facilities in 5 countries, and employs approximately 1,500 people globally. Royal Adhesives & Sealants is expected to generate approximately $650 million in revenue and $138 million in adjusted EBITDA for H.B. Fuller’s fiscal year 2017.
