H.B. Fuller Acquires GEM S.r.l. and Medifill Ltd.
December 2, 2024
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.
- Buyers
- H.B. Fuller Company
- Targets
- GEM S.r.l., Medifill Ltd.
- Industry
- Medical Devices
- Location
- Italy
- Transaction Type
- Buyout
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