H.B. Fuller to acquire Royal Adhesives & Sealants
H.B. Fuller Company has signed an agreement to purchase Royal Adhesives & Sealants, a manufacturer of specialty adhesives and sealants, for $1.57 billion.
“With Royal’s strong customer relationships and experienced team, we will add depth and breadth to our portfolio. Royal’s complementary offerings will expand our presence in North America, Europe and China, and add new technology and capabilities," said H.B. Fuller pesident and chief executive officer, Jim Owens. “We have identified $35 million in cost synergies and $15 million in growth synergies that we expect to realize over the next three years as a result of merging these two great adhesives businesses.”
Royal is expected to generate approximately $650 million in revenue and $138 million in adjusted EBITDA for H.B. Fuller’s fiscal year 2017. The company operates 19 manufacturing facilities in five countries, and employs approximately 1,500 people globally.
Headquartered in South Bend, Indiana, Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets including aerospace and defense, construction, specialty packaging, automotive and industrial.
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