H B Fuller Company (FUL) has signed an agreement to purchase Royal Adhesives & Sealants LLC, a leading manufacturer of high-value speciality adhesives and sealants, for a purchase price of $1,575 million.
This business consistently delivers industry-leading growth rates, EBITDA margins, and free cash flow that are expected to enhance H B Fuller’s position as a global leader in the adhesives industry.
H B Fuller is acquiring Royal from affiliates of American Securities LLC, based in New York with an office in Shanghai.
The company operates 19 manufacturing facilities in 5 countries and employs approximately 1,500 people globally.
With this acquisition, H B Fuller will gain product technology and add people and skills that will result in a more capable and dynamic company for customers and employees. H B Fuller remains committed to maintaining its current dividend and rapid deleveraging using the significant free cash flow it expects to have available for this purpose.
H B Fuller Company (FUL) has signed an agreement to purchase Royal Adhesives & Sealants LLC, a leading manufacturer of high-value speciality adhesives and sealants, for a purchase price of $1,575 million.
This business consistently delivers industry-leading growth rates, EBITDA margins, and free cash flow that are expected to enhance H B Fuller’s position as a global leader in the adhesives industry.
H B Fuller is acquiring Royal from affiliates of American Securities LLC, based in New York with an office in Shanghai.
The company operates 19 manufacturing facilities in 5 countries and employs approximately 1,500 people globally.
With this acquisition, H B Fuller will gain product technology and add people and skills that will result in a more capable and dynamic company for customers and employees. H B Fuller remains committed to maintaining its current dividend and rapid deleveraging using the significant free cash flow it expects to have available for this purpose.
No comments:
Post a Comment