H.B. Fuller Acquires Apollo and Fourny

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 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 ND Industries Inc.

May 20, 2024

Manufacturing

H.B. Fuller Company has acquired ND Industries Inc., a family-owned specialist in specialty adhesives, pre-applied fastener coatings and the Vibra-Tite product line. The deal brings ND's five U.S. locations, approximately $70 million in 2023 revenue and ~300 employees into H.B. Fuller's Engineering Adhesives global business unit to expand product capabilities and accelerate growth in CASE end markets.

Apollo Funds to Acquire Majority Stake in Novolex

February 14, 2022

Packaging

Funds managed by Apollo affiliates have entered into a definitive agreement to acquire a majority stake in Novolex from funds managed by Carlyle, with Carlyle retaining a minority interest. Novolex, a leading sustainable packaging manufacturer headquartered in Hartsville, South Carolina with more than 10,000 employees and 57 manufacturing facilities, will look to leverage Apollo's resources to expand customer relationships, sustainability initiatives and product innovation.

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.

Apollo Funds Acquire Majority Stake in Bold Production Services

February 12, 2025

Energy

Funds managed by Apollo affiliates have acquired a majority interest in Bold Production Services, a Houston-based provider of contracted natural gas treatment solutions. The investment will support Bold's growth and expansion of its fleet and services to meet rising U.S. natural gas demand across Permian and Eagle Ford basins.