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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