H.B. Fuller completes acquisition of Forbo's global industrial adhesives business
H.B. Fuller Company has completed the acquisition of the global industrial adhesives business of Forbo Group. The company entered into an agreement to purchase this business in December 2011. The business acquired represents about 80 percent by revenue of the Forbo Bonding Systems division of Forbo Group. It generated approximately $580 million in revenue last year and operates 17 manufacturing facilities in 10 countries, and employs more than 1,100 people globally. EBITDA for the business for the 2011 year was approximately $35 million.