Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 H.B. Fuller to buy Forbo's adhesives business for $395 million - Coatings World

What are you searching for?

Sign in
Breaking News

H.B. Fuller to buy Forbo’s adhesives business for $395 million

Author Image

By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

<span class="articleLocation”>H.B. Fuller said it agreed to buy Swiss firm Forbo’s industrial adhesives business for $395 million, as the specialty chemicals maker bulks up its presence in Europe.

Europe, India, Middle East and Africa together form the second-largest market after North America for H.B Fuller, while a little over half of Forbo’s revenue came from Europe in 2010.

“Forbo’s business brings a commercial base in Eastern Europe that fills a gap for us, and compliments our stronger position in the Middle East and Africa,” said chief executive Jim Owens.

Since March 2009, St Paul, Minnesota-based H.B. Fuller has acquired four adhesive makers. Adhesive and related products make up more than 85 percent of the company’s sales.

Forbo’s adhesive business will generate about $580 million in revenue this year, H.B. Fuller said.

H.B. Fuller, which focuses on adhesives, sealants, paints and other specialty chemical products, expects its revenue to grow organically at 5-8 percent per year, Owens said. H.B Fuller’s 2010 revenue was $1.36 billion.

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters