H.B. Fuller Company acquired ND Industries, Inc. from family for $260 million
May 19, 2024
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H.B. Fuller Company (NYSE:FUL) acquired ND Industries, Inc. from family on May 20, 2024.
H.B. Fuller Company (NYSE:FUL) completed the acquisition of ND Industries, Inc. from family for $260 million on May 20, 2024. Purchase price of $255.734 million which was funded through borrowings on our credit facility and existing cash. This includes a holdback amount of $ 1.446 million that will be paid on the 4 -month anniversary of the closing date. As part of the acquisition, products under ND Industries? Vibra-Tite® brand will be added to H.B. Fuller?s existing epoxy, cyanoacrylate, UV curable and anaerobic product range. The new business, which includes five U.S. locations and 300 employees, will operate within H.B. Fuller's existing Engineering Adhesives global business unit. ND Industries, Inc. generated approximately $70 million in revenue in fiscal 2023.
H.B. Fuller Company is a pureplay adhesives company. It operates as a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. Its Hygiene, Health and Consumable Adhesives segment manufactures and supplies adhesive products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, graphic arts and envelope markets. Its Engineering Adhesives segment provides adhesives to the transportation, electronics, clean energy, aerospace and defense, performance wood, insulating glass, textile, appliance and heavy machinery markets. its Construction Adhesives segment manufactures and provides specialty adhesives, sealants, tapes, mortars, grouts, and application devices for commercial building roofing systems, heavy infrastructure projects, road/highway/airport transportation applications, building envelope applications, and others. The Company's product range consists of epoxy, cyanoacrylate, UV curable, anaerobic, and Vibra-Tite.
H.B. FULLER COMPANY 
