{"id":765617,"date":"2023-06-22T16:54:04","date_gmt":"2023-06-22T20:54:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/h-b-fuller-completes-strategic-acquisitions-consistent-with-profitable-growth-strategy\/"},"modified":"2023-06-22T16:54:04","modified_gmt":"2023-06-22T20:54:04","slug":"h-b-fuller-completes-strategic-acquisitions-consistent-with-profitable-growth-strategy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/h-b-fuller-completes-strategic-acquisitions-consistent-with-profitable-growth-strategy\/","title":{"rendered":"H.B. Fuller Completes Strategic Acquisitions Consistent with Profitable Growth Strategy"},"content":{"rendered":"

<\/p>\n

H.B. Fuller Completes Strategic Acquisitions Consistent with Profitable Growth Strategy<\/b><\/p>\n

ST. PAUL, Minn.–(BUSINESS WIRE<\/a>)–
\nH.B. Fuller Company (NYSE: FUL), the largest pureplay adhesives provider in the world, announced today that it has completed two strategic acquisitions that will accelerate transformation of the company\u2019s portfolio toward more highly specified applications and enhance diversification of H.B. Fuller\u2019s Construction Adhesives (CA) business.\n<\/p>\n

\nThe company has acquired Adhezion Biomedical<\/a>, a privately held U.S. medical adhesives business with customers in 40 countries, more than 35 global certifications and 105 patents. The acquisition of Adhezion, which manufactures and distributes advanced wound closure and infection prevention adhesives, builds a platform of scale for H.B. Fuller in the topical skin bonding market, adding to capabilities attained from its purchase of Tissue Seal in 2021 and providing vertically integrated adhesive manufacturing and packaging capability. The acquisition decisively positions the company for expansion in the medical adhesives industry and creates a solid, unique platform from which to scale and innovate in the highly profitable, $8 billion healthcare adhesives space.1<\/sup><\/p>\n

\nAlso in June, H.B. Fuller acquired XCHEM International<\/a>, an adhesives manufacturer in the United Arab Emirates that offers a wide range of specialty adhesives and coatings for industrial and infrastructure applications in the fast-growing construction markets of the Middle East and Northern Africa. The acquisition provides H.B. Fuller\u2019s CA global business unit with its first manufacturing presence outside the U.S. for its flagship Foster\u00ae brand; broadens CA\u2019s portfolio of highly specified applications; and diversifies CA\u2019s portfolio toward both non-U.S. and infrastructure-oriented markets.\n<\/p>\n

\n\u201cOur aspiration is to supply our customers with drops, not trucks, of material,\u201d said H.B. Fuller President and CEO Celeste Mastin. \u201cAs we further penetrate highly specified applications through new technologies and reduce the amount of material our customers need through innovation in existing, higher volume segments, we create value for our customers and investors. Although small, these two acquisitions represent outstanding platforms to capitalize upon and expand our portfolio into high-growth, highly specified markets, consistent with our strategy.\u201d\n<\/p>\n

\nThe two acquisitions will contribute approximately $17 million to revenue and $2 million to adjusted EBITDA in fiscal 2023 and, inclusive of synergies, are expected to contribute an estimated $60 million in revenue and $15 million in adjusted EBITDA in fiscal 2025.\n<\/p>\n

\nAdhezion Biomedical will operate within H.B. Fuller\u2019s Hygiene, Health, and Consumable Adhesives global business unit; XCHEM International will operate within H.B. Fuller\u2019s CA global business unit.\n<\/p>\n

About H.B. Fuller Company<\/b><\/p>\n

\nSince 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. With fiscal 2022 net revenue of $3.75 billion, H.B. Fuller\u2019s commitment to innovation and sustainable adhesive solutions brings together people, products and processes that answer and solve some of the world’s biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, aerospace, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive. www.hbfuller.com<\/a>.\n<\/p>\n

1<\/sup>Source:<\/b>Markets & Markets – Medical Adhesives Market, Global Forecast to 2026<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230622378510\/en\/<\/a><\/span><\/p>\n

\nSarah Neunsinger
\n
Global Communications
\n
+1 651 242 0280
\n
sarah.neunsinger@hbfuller.com<\/a><\/p>\n

\nSteven Brazones
\n
Investor Relations
\n
+1 651 236 5060
\n
steven.brazones@hbfuller.com<\/a><\/p>\n

KEYWORDS:<\/b> United States United Arab Emirates North America Middle East Minnesota<\/p>\n

INDUSTRY KEYWORDS:<\/b> Medical Supplies Commercial Building & Real Estate Manufacturing Construction & Property Health General Health Building Systems Other Manufacturing Packaging Other Construction & Property Chemicals\/Plastics<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

H.B. Fuller Completes Strategic Acquisitions Consistent with Profitable Growth Strategy ST. PAUL, Minn.–(BUSINESS WIRE)– H.B. Fuller Company (NYSE: FUL), the largest pureplay adhesives provider in the world, announced today that it has completed two strategic acquisitions that will accelerate transformation of the company\u2019s portfolio toward more highly specified applications and enhance diversification of H.B. Fuller\u2019s Construction Adhesives (CA) business. The company has acquired Adhezion Biomedical, a privately held U.S. medical adhesives business with customers in 40 countries, more than 35 global certifications and 105 patents. The acquisition of Adhezion, which manufactures and distributes advanced wound closure and infection prevention adhesives, builds a platform of scale for H.B. Fuller in the topical skin bonding market, adding to capabilities attained from its … <\/p>\n

Continue reading “H.B. Fuller Completes Strategic Acquisitions Consistent with Profitable Growth Strategy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765617","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nH.B. Fuller Completes Strategic Acquisitions Consistent with Profitable Growth Strategy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/h-b-fuller-completes-strategic-acquisitions-consistent-with-profitable-growth-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H.B. 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