H.B. Fuller Acquires Advanced Medical Solutions Group for €715 Million

McKesson Sells 20% Stake in Medical-Surgical Solutions to Apollo for $7.4B

April 20, 2026

Healthcare Services

McKesson announced it will sell a 20% stake in its Medical-Surgical Solutions division to funds managed by Apollo Global Management in a transaction valuing the division at $37 billion (enterprise value). McKesson will retain 80% ownership and operational control while receiving $7.4 billion in equity proceeds, with up to $6 billion planned for share buybacks.

AMS Group Acquires BW Medical (medical accountancy practice)

September 24, 2025

Accounting & Tax

Manchester-headquartered AMS Group has acquired Newcastle-based BW Medical, a specialist accountancy practice serving healthcare professionals and GP practices across the UK. The deal brings roughly 30 staff (including three directors) into AMS, expanding its AMS Medical team to more than 100 people and strengthening its NHS pension, GP advisory and healthcare compliance capabilities.

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.

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 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.