M&A Deal Summary

H.B. Fuller Acquires Forbo Holding - Industrial Adhesives Business

On April 19, 2012, H.B. Fuller acquired chemicals company Forbo Holding - Industrial Adhesives Business from Forbo Holding AG for 370M CHF

Acquisition Highlights
  • This is H.B. Fuller’s 5th transaction in the Chemicals sector.
  • This is H.B. Fuller’s largest (disclosed) transaction.
  • This is H.B. Fuller’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2012-04-19
Target Forbo Holding - Industrial Adhesives Business
Sector Chemicals
Buyer(s) H.B. Fuller
Sellers(s) Forbo Holding AG
Deal Type Divestiture
Deal Value 370M CHF

Target

Forbo Holding - Industrial Adhesives Business

Switzerland
Forbo Holding AG, Industrial Adhesives Business produces adhesives for various industries, including paper processing, packaging, shoe and textile, and furniture, as well as for manufacturing automotive and motor home interior trims and synthetic polymers for adhesives, varnish, paint, and construction industries.

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Buyer(S) 1

Buyer

H.B. Fuller

St. Paul, Minnesota, United States

Category Company
Founded 1887
Sector Chemicals
Employees7,200
Revenue 3.5B USD (2023)
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 5 of 20
Sector (Chemicals) 5 of 16
Type (Divestiture) 2 of 3
Country (Switzerland) 1 of 1
Year (2012) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-08 Liquamelt

Lorain, Ohio, United States

Liquamelt Corp. is a manufacturer and marketer of the patented Liquamelt(R) adhesive system.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-10 Engent

Norcross, Georgia, United States

Engent is a provider of manufacturing, research and development services to the electronics industry. Engent engages in all stages of the electronic miniaturization process and serves key microelectronic markets in the military, medical and industrial sectors with clients ranging from entrepreneurial technology firms to Fortune 50 companies.

Buy -

Seller(S) 1

SELLER

Forbo Holding AG

Baar, Switzerland

Category Company
Founded 1928
Sector Building Materials
Employees5,168
DESCRIPTION

Forbo is a producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 Bonar Floors

Switzerland

Bonar Floors is a provider of resilient and textile flooring solutions for the commercial market.

Buy £123M