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H.B. Fuller to Purchase Brazil-based Adhesive Manufacturer

Published on 2017-07-19. Author : SpecialChem

Strategic Growth Plan in Emerging Markets

H.B. Fuller has signed an agreement to purchase adhesives company, Adecol Ind. Química, Limitada, a highly respected manufacturer of quality adhesive technologies in Brazil.


Strategic Growth Plan


Adecol works closely with customers to develop innovative, high-quality hot melt, reactive and polymer-based adhesive solutions for customers in the packaging, converting and assembly markets. Based in Guarulhos, Brazil, this business generated nearly USD $40 million in revenue for the 2016 fiscal year. The company has agreed to pay 8X 2016 EBITDA for the business.

Jim Owens, president and CEO, H.B. Fuller, said:

“With this acquisition, we will further enhance our business in Brazil by partnering with customers to produce new and better consumer and durable goods products in this dynamic region. H.B. Fuller has a strategic focus on growing our presence in emerging markets, and the Adecol team has deep market knowledge and local manufacturing capabilities that will enable us to partner more closely with customers and to grow in Brazil and across Latin America. We look forward to welcoming the employees of Adecol to the H.B. Fuller team.”

The company expects to finalize the transaction in the next 30-60 days.

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Source: H.B. Fuller
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