H.B. Fuller completes acquisition of Forbo’s adhesives business

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H.B. Fuller completes acquisition of Forbo’s adhesives business
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, ?7 V8 C3 j  N# }4 H* g5 j! T) lWednesday, March 7, 2012

St. Paul, MN - H.B. Fuller has completed the acquisition of the global industrial adhesives business of Forbo Group. The company entered into an agreement to purchase this business in December 2011. The business acquired represents about 80% (by revenue) of the Forbo Bonding Systems division of Forbo Group. It generated approximately $580 million in revenue for the fiscal year ended Dec. 31, 2011, operates 17 manufacturing facilities in 10 countries, and employs more than 1,100 people globally. EBITDA for the business for the 2011 fiscal year was approximately $35 million.