St. Paul, Minnestoa, USA
H.B. Fuller Company is a global manufacturer and marketer of adhesives and other specialty chemical products. The company is managed through four regional operating segments—North America, Europe, Latin America and Asia Pacific. The largest business component in each of the regional segments is adhesives. H.B. Fuller posted sales of $1.886 billion in 2012.
H.B. Fuller undertook the largest acquisition in the company’s history, purchasing the Forbo Group’s global industrial adhesives business, with approximately $575 million in annual revenue. The business acquired represents approximately 80 percent (by revenue) of the Forbo Bonding Systems division of Forbo Group (ranked 29 in last year’s report). Forbo operates 17 manufacturing facilities in ten countries, and employs more than 1,100 people globally. The acquisition propels H.B. Fuller to a nearly $2 billion adhesives supplier.
H.B. Fuller divested its Central American paints business, selling it to Compania Global de Pinturas S.A, a Grupo Mundial Company, for $120 million.. The paints division produces a broad range of product lines used widely for residential and commercial applications. The sold business includes nearly 800 employees who work across Central America and in production plants and laboratories in Costa Rica, Honduras and Panama.
The company also opened a manufacturing plant in Pune, India, to support growth in this $300 to $400 million emerging adhesives market. The plant produces hot melt and water-based adhesives. The company said it will enable H.B. Fuller to better support its global customers and fast-track its growth. Growth in the region has accelerated dramatically as a result of the investment.
YEAR ESTABLISHED: 1887
REVENUE: $1.886 billion s (2011: 1.557 billion)
Jim Owens, president and CEO; James Giertz, senior VP and CFO; Joan Schuller, VP, AsiaPacific; Steven Kenny, senior VP, EIMEA; Barry Snyder, VP and chief technology officer.