M&A Deal Summary

H.B. Fuller Acquires Royal Adhesives & Sealants

On September 4, 2017, H.B. Fuller acquired chemicals company Royal Adhesives & Sealants from American Securities for 1.6B USD

Acquisition Highlights
  • This is H.B. Fuller’s 13th transaction in the Chemicals sector.
  • This is H.B. Fuller’s largest (disclosed) transaction.
  • This is H.B. Fuller’s 6th transaction in the United States.
  • This is H.B. Fuller’s 1st transaction in Indiana.

M&A Deal Summary

Date 2017-09-04
Target Royal Adhesives & Sealants
Sector Chemicals
Buyer(s) H.B. Fuller
Sellers(s) American Securities
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

Royal Adhesives & Sealants

South Bend, Indiana, United States
website
Royal Adhesives & Sealants LLC is a producer of proprietary, high-performance adhesives and sealants. 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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Buyer(S) 1

Buyer

H.B. Fuller

St. Paul, Minnesota, United States

website


Category Company
Founded 1887
Sector Chemicals
Employees6,500
Revenue 3.3B USD (2021)
DESCRIPTION
Entrance to H.B. Fuller's corporate headquarters in St. Paul, Minnesota.
Entrance to H.B. Fuller's corporate headquarters in St. Paul, Minnesota.

H.B. Fuller is a global manufacturer of adhesives. The Company's product range includes adhesives, sealants and other specialty chemical products. Customers include engineering, electronic and assembly materials, hygiene, construction, automotive, packaging and other consumer businesses. H.B. Fuller was founded in 1887 and is based in St. Paul, Minnesota.


DEAL STATS #
Overall 15 of 18
Sector (Chemicals) 13 of 15
Type (Add-on Acquisition) 12 of 15
State (Indiana) 1 of 1
Country (United States) 6 of 7
Year (2017) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Adecol Ind. Química Limitada

Guarulhos, Brazil

Adecol Ind. Química Limitada is a manufacturer of industrial adhesives. Adecol Ind. Química Limitada was founded in 1982 and is based in Guarulhos, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 H.B. Fuller - Surfactants Thickeners & Dispersants Business

Dalton, Georgia, United States

H.B. Fuller Co. - Surfactants, Thickeners & Dispersants Business provides thickeners used in carpet, floor coatings, adhesive and caulk formulations, as well as surfactants used in detergents, wetting agents, and foam boosters in beauty and healthcare products.

Sell $71M

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 34 of 50
Sector (Chemicals) 4 of 6
Type (Add-on Acquisition) 15 of 20
State (Indiana) 3 of 3
Country (United States) 33 of 49
Year (2017) 3 of 5
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Aspen Dental

East Syracuse, New York, United States

Aspen Dental is a multi-vertical retail healthcare support organization. TAG offers a full range of essential business support services to consumer healthcare brands under the Aspen Dental, Chapter Aesthetic Studio, ClearChoice Dental Implant Centers and WellNow Urgent Care trade names. Aspen Dental is based in East Syracuse, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 SpecialtyCare

Brentwood, Tennessee, United States

SpecialtyCare is a provider of outsourced operating room services including perfusion and intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support. SpecialtyCare was founded in 2006 and is based in Brentwood, Tennessee.

Sell -