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People & Business :: M&A
H.B. Fuller acquires US tile and stone installation products firm
September 3, 2014 | Vincent Valk
H.B. Fuller says it has acquired ProSpec Construction Products (Charlotte, NC), a maker of caulks, epoxies, grouts, and other installation products for tile and stone, from Bonsal American, a subsidiary of Oldcastle, Inc. Financial terms of the deal, including purchase price, were not disclosed. ProSpec had net revenues of $27 million in 2013. Oldcastle, a construction products producer, is the North American holding company of CRH plc (Dublin), a major global maker of building materials. "Construction is one of our key growth segments in North...
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