H.B. Fuller has confirmed that it has signed an agreement to purchase Royal Adhesives & Sealants, a manufacturer of high-value specialty adhesives and sealants.
Royal is expected to generate approximately $650 million in revenue and $138 million in adjusted EBITDA for H.B. Fuller’s fiscal year 2017. The company operates 19 manufacturing facilities in 5 countries, and employs approximately 1,500 people globally. The agreed upon purchase price is $1,575 million, subject to customary adjustments.
