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Fuller Acquires Swiss Industrial Adhesives Business
12:33 PM MST | December 22, 2011 | Rebecca Coons
H.B. Fuller says it has agreed to purchase Forbo Group’s (Zurich) global industrial adhesives business for CHF370 million ($394 million), a deal that significantly increases Fuller's position in China and creates one of the world's largest industrial adhesives makers. The acquired business is expected to post approximately $580 million in revenue and $35 million in Ebitda for the fiscal year ending December 31, 2011. "With this acquisition, we are taking a further step forward in realizing our strategic plans to accelerate growth and improve EBITDA...
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