H.B. Fuller Acquires ND Industries Inc.

H.B. Fuller Acquires Adhezion Biomedical and XCHEM International

June 22, 2023

Manufacturing

H.B. Fuller Company completed two strategic acquisitions: Adhezion Biomedical, a U.S. medical adhesives business, and XCHEM International, a UAE-based specialty adhesives and coatings manufacturer. The deals expand H.B. Fuller’s capabilities in medical/topical skin-bonding adhesives and establish its first manufacturing presence outside the U.S. for its Construction Adhesives (CA) business, contributing an estimated $17 million in revenue and $2 million in adjusted EBITDA for fiscal 2023.

H.B. Fuller Acquires HS Butyl Limited

August 6, 2024

Manufacturing

H.B. Fuller Company has acquired HS Butyl Limited, the U.K.-based manufacturer and distributor of butyl waterproofing tapes. The acquisition establishes H.B. Fuller's presence in the European waterproofing tape market, complements its existing butyl product line, and supports expansion of engineering adhesives solutions and global waterproofing tape growth.

H.B. Fuller Acquires Apollo and Fourny

January 27, 2022

Building Products

H.B. Fuller has completed the acquisitions of Apollo, the United Kingdom's largest independent manufacturer of liquid adhesives, and Fourny nv of Belgium. The two businesses (projected combined purchase price $211 million) will be integrated into H.B. Fuller's Construction and Engineering Adhesives units to expand its roofing, construction and transportation adhesive capabilities across the UK and Europe, with expected annual run-rate synergies of $8 million by 2024.

H.B. Fuller Acquires GEM S.r.l. and Medifill Ltd.

December 2, 2024

Medical Devices

H.B. Fuller Company signed agreements to acquire Italian medical adhesive manufacturer GEM S.r.l. and Irish tissue-adhesive producer Medifill Ltd., expanding its Medical Adhesive Technologies (MAT) business and establishing a European hub for the platform. The combined purchase price is €180 million (pre-synergy 15.5x EBITDA) with expected 2024 combined net revenue of €23 million and adjusted EBITDA of €11.5 million; the GEM transaction is expected to close in February 2025, subject to customary conditions.

Pacific Avenue Capital Partners Acquires H.B. Fuller North American Flooring Business (Now TEC Specialty Products)

December 4, 2024

Building Products

Pacific Avenue Capital Partners has completed the acquisition of H.B. Fuller’s North American Flooring Business, which will operate as TEC Specialty Products. Headquartered in Aurora, Illinois, TEC manufactures flooring repair and installation products (adhesives, grouts, mortars and moisture mitigation systems) across six manufacturing facilities and three warehouses and will be positioned for growth under Pacific Avenue’s stewardship following the carve-out.

APPLIED Adhesives Acquires HG Adhesive Dispensing

July 1, 2025

Manufacturing

APPLIED Adhesives, a Minnetonka-based custom adhesive solutions provider, has completed its acquisition of HG Adhesive Dispensing, a Carson City, Nevada manufacturer of meter, mix, dispensing, and cartridge filling equipment. The acquisition expands APPLIED's advanced fluid dispensing product and engineering capabilities to serve markets including structural glazing, curtainwalls, insulating glass, automotive, and electrical industries.