Fuller Acquires Forbo’s Industrial Adhesives Business

H.B. Fuller has agreed to purchase Forbo Group’s (Zurich) global industrial adhesives business for CHF370 million ($394 million), a deal that boosts 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 of Ebitda for 2011. “Upon closing of the transaction, H.B. Fuller will be a $2-billion company, focused on attractive segments of the industrial adhesives market,” says H.B. Fuller president and CEO Jim Owens. The...

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