H.B. Fuller Acquires HS Butyl Limited
2024年8月6日 - 9:36PM
ビジネスワイヤ(英語)
Acquisition strengthens and expands position in
the global specialty construction tapes market and creates new
opportunities for engineering adhesives solutions
H.B. Fuller Company (NYSE: FUL), the largest pureplay adhesives
company in the world, today announced that it has acquired HS Butyl
Limited (HS Butyl), the UK’s largest manufacturer and distributor
of high-quality butyl tapes, which provide strong, permanent,
watertight seals for a wide variety of applications within the
construction, infrastructure, automotive and renewable energy
industries.
The acquisition ─ which is a continuation of H.B. Fuller’s
strategy to deliver adjusted EBITDA margin of 20 percent in the
next three to five years ─ advances one of the company’s top 20
technology-based growth segments and uniquely positions H.B. Fuller
to accelerate its expansion into the $15 billion global
waterproofing tape market, which includes butyl tape
technologies.
In 2022, H.B. Fuller grew its existing technology platform for
butyl tapes through the acquisition of GSSI Sealants Inc., a North
American-based manufacturer with a strong portfolio of butyl tapes.
Now, the company will leverage these capabilities and its global
distribution network to further grow HS Butyl’s innovative
technologies in Europe, where the waterproofing tape market is
twice as large as in North America.
“This acquisition establishes H.B. Fuller’s presence in the
European waterproofing tape market, expanding our position as a
solution provider to existing customers and our relevance to more
markets,” says H.B. Fuller President and CEO Celeste Mastin. “HS
Butyl’s innovative technology platform not only complements and
completes our existing butyl product line for Construction
Adhesives customers, it creates compelling opportunities to deliver
new, in-demand solutions for our customers in the Engineering
Adhesives market, given the technology’s relevance to multiple
high-value applications. With our innovation capabilities, talent,
and expertise, we will continue to grow our position in this space
while delivering new applications that create value for our
customers worldwide.”
HS Butyl is a family-owned business that has been designing,
engineering, and manufacturing butyl tape from its headquarters in
Lymington, England, since its founding in 1964. With more than $23
million in annual sales, HS Butyl exports to more than 50 countries
around the world. The new business will operate within H.B.
Fuller’s Construction Adhesives global business unit.
About H.B. Fuller:
As the largest pureplay adhesives company in the world, H.B.
Fuller’s (NYSE: FUL) innovative, functional coatings, adhesives and
sealants enhance the quality, safety and performance of products
people use every day. Founded in 1887, with 2023 revenue of $3.5
billion, our mission to Connect What Matters is brought to life by
more than 7,000 global team members who collaborate with customers
across more than 30 market segments in over 140 countries to
develop highly specified solutions that enable customers to bring
world-changing innovations to their end markets. Learn more at
www.hbfuller.com.
About HS Butyl:
HS Butyl is a privately owned family business with over 45
years' experience in manufacturing butyl tapes, developing
formulations for many different applications.
Forward-Looking Statements
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forward-looking statements. Such statements often address expected
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to various risks and uncertainties that could cause our actual
results to differ materially from those in the forward-looking
statements. Additional information about these various risks and
uncertainties can be found in the “Risk Factors” section of our
Form 10-K filings, and any updates to the risk factors in our Form
10-Q and 8-K filings with the SEC, but there may be other risks and
uncertainties that we are unable to identify at this time or that
we do not currently expect to have a material impact on the
business. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. We do
not undertake to update or revise any forward-looking statements,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240806150678/en/
Kim Stone Corporate Public Relations Kim.Stone@hbfuller.com
713-515-1791
H B Fuller (NYSE:FUL)
過去 株価チャート
から 8 2024 まで 9 2024
H B Fuller (NYSE:FUL)
過去 株価チャート
から 9 2023 まで 9 2024