H.B. Fuller Finalizes Acquisition of Apollo

Global adhesives provider H.B. Fuller Company (St. Paul, Minnesota, USA) recently finalized its purchase of Apollo (Tamworth, United Kingdom), the UK’s largest independent manufacturer of liquid adhesives, coatings, and primers for the roofing, industrial, and construction markets. Projected to have 2022 revenue of approximately £42 million (~$57 million), Apollo will operate with H.B. Fuller’s existing construction adhesives and engineering adhesives business units; in addition, it is expected to enhance H.B. Fuller’s position in key high-value, high-margin markets in the UK and Europe.

Apollo manufactures and sells a diverse range of commercial roofing, construction, and adhesives solutions, which compliments H.B. Fuller’s construction adhesives business in Europe. Its roofing technology includes a range of insulation and membrane adhesives, along with roof and waterproofing primers. The construction solutions business supplies liquid adhesive, sealants, and resin to construction markets, which are used to bond or repair building materials in homes, on construction sites, and in factories, replacing traditional adhesives such as cements, wood glues, or traditional fasteners. The industrial adhesive solutions business will enhance H.B. Fuller’s engineering adhesives’ transportation product line with high-performance applications for panel laminations in caravans and motor homes, PVC door panels, insulation, furniture, textiles, aircraft seating, and marine vessels.

In total, H.B. Fuller will have paid $211 million for its acquisition of both Apollo and industrial adhesives formulator Fourny nv (Willebroek, Belgium), which was purchased in January 2022.

“With these acquisitions, we have added deep market knowledge, strong customer relationships and a local manufacturing footprint, which will enable H.B. Fuller to capitalize on access to regional capabilities in the UK and core Europe and to fully leverage our CA technology portfolio much more effectively,” says Jim Owens, president and CEO H.B. Fuller. “Apollo’s highly specified commercial roofing, construction and high-performance industrial adhesives will drive new growth opportunities in our construction and transportation adhesives businesses in the UK and across EIMEA [Europe, the Middle East and Africa].

“Fourny’s position as a leader in the commercial roofing business will accelerate our growth in the region and allow localization of products imported from the United States,” Owens adds. “Our companies share cultures and growth strategies that are well aligned, and both companies will integrate seamlessly into our Construction and Engineering Adhesives business units. Together, we will leverage the synergies made possible through this transaction to partner more efficiently and effectively with customers in roofing, building envelope and transportation.”

Source: H.B. Fuller, https://newsroom.hbfuller.com.