H.B. Fuller Acquires Fourny nv, Apollo

H.B. Fuller Company has acquired the Belgium-based company Fourny nv, a provider of construction adhesives with more than 70 years of experience in technologies focused on commercial roofing, construction and other private label industrial specialties.

According to the company, Fourny’s position in the commercial roofing business will help accelerate H.B. Fuller’s growth in Europe and allow localization of products imported from the United States.

With sales of €8 million and EBITDA of €2.1 million in 2021, Fourny will operate within H.B. Fuller’s existing Construction Adhesives business unit. The acquisition includes one factory and R&D center based in Willebroek, Antwerp, in Belgium. Fourny currently serves more than 150 customers in Europe.

The Fourny acquisition follows H.B. Fuller’s finalized purchase of Apollo, a U.K.-based manufacturer of liquid adhesives, coatings and primers for the roofing, industrial and construction markets.

Based in Tamworth, UK, Apollo is projected to have 2022 revenue of approximately £42 million and EBITDA of approximately £11 million. Apollo will operate within H.B. Fuller’s existing Construction Adhesives and Engineering Adhesives business units.

The post H.B. Fuller Acquires Fourny nv, Apollo appeared first on American Coatings Association.

from American Coatings Association https://www.paint.org/h-b-fuller-acquires-fourny-nv-apollo/
via IFTTT