H.B. Fuller Acquires HS Butyl Limited
H.B. Fuller Company (NYSE: FUL) has acquired HS Butyl , the UK's largest manufacturer of high-quality butyl tapes. This acquisition strengthens H.B. Fuller's position in the $15 billion global waterproofing tape market and aligns with the company's strategy to achieve a 20% adjusted EBITDA margin in the next 3-5 years. HS Butyl, with over $23 million in annual sales, exports to more than 50 countries and will operate within H.B. Fuller's Construction Adhesives global business unit.
The acquisition complements H.B. Fuller's existing butyl product line and creates opportunities for new solutions in the Engineering Adhesives market. It also establishes the company's presence in the European waterproofing tape market, which is twice as large as North America's. This move follows H.B. Fuller's 2022 acquisition of GSSI Sealants Inc., further expanding its butyl tape technologies.
H.B. Fuller Company (NYSE: FUL) ha acquisito HS Butyl, il maggiore produttore di nastri butilici di alta qualità nel Regno Unito. Questa acquisizione rafforza la posizione di H.B. Fuller nel mercato globale dei nastri impermeabili da 15 miliardi di dollari e si allinea con la strategia dell'azienda di raggiungere un margine EBITDA rettificato del 20% nei prossimi 3-5 anni. HS Butyl, con oltre 23 milioni di dollari di vendite annuali, esporta in oltre 50 paesi e opererà all'interno dell'unità globale Business di Adesivi per Costruzione di H.B. Fuller.
L'acquisizione completa la linea di prodotti butilici esistente di H.B. Fuller e crea opportunità per nuove soluzioni nel mercato degli Adesivi per Ingegneria. Stabilisce anche la presenza dell'azienda nel mercato europeo dei nastri impermeabili, che è due volte più grande di quello nordamericano. Questa mossa segue l'acquisizione da parte di H.B. Fuller di GSSI Sealants Inc. nel 2022, ampliando ulteriormente le sue tecnologie per nastri butilici.
H.B. Fuller Company (NYSE: FUL) ha adquirido HS Butyl, el mayor fabricante de cintas de butilo de alta calidad en el Reino Unido. Esta adquisición refuerza la posición de H.B. Fuller en el mercado mundial de cintas impermeables de 15 mil millones de dólares y se alinea con la estrategia de la empresa para alcanzar un margen EBITDA ajustado del 20% en los próximos 3-5 años. HS Butyl, con más de 23 millones de dólares en ventas anuales, exporta a más de 50 países y operará dentro de la unidad de negocio global de Adhesivos para Construcción de H.B. Fuller.
La adquisición complementa la línea de productos butílicos existente de H.B. Fuller y crea oportunidades para nuevas soluciones en el mercado de Adhesivos de Ingeniería. También establece la presencia de la empresa en el mercado europeo de cintas impermeables, que es el doble de grande que el de América del Norte. Este movimiento sigue a la adquisición de GSSI Sealants Inc. por parte de H.B. Fuller en 2022, ampliando aún más sus tecnologías de cintas butílicas.
H.B. 풀러 컴퍼니(NYSE: FUL)가 영국 최대의 고품질 부틸 테이프 제조업체인 HS Butyl을 인수했습니다. 이번 인수는 H.B. 풀러가 150억 달러 규모의 글로벌 방수 테이프 시장에서의 위치를 강화하고 향후 3-5년 내에 20% 조정 후 EBITDA 마진을 달성하겠다는 회사 전략에 부합합니다. HS Butyl은 연간 2300만 달러 이상의 매출을 올리며 50개국 이상에 수출하고 H.B. 풀러의 건설용 접착제 글로벌 사업부에서 운영될 것입니다.
이번 인수는 H.B. 풀러의 기존 부틸 제품 라인을 보완하며, 엔지니어링 접착제 시장에서 새로운 솔루션을 위한 기회를 창출합니다. 또한 북미보다 두 배 큰 유럽 방수 테이프 시장에서 회사의 입지를 확립합니다. H.B. 풀러는 2022년 GSSI Sealants Inc.을 인수한 이후 부틸 테이프 기술을 추가적으로 확장했습니다.
La société H.B. Fuller (NYSE: FUL) a acquis HS Butyl, le plus grand fabricant de bandelettes de butyle de haute qualité au Royaume-Uni. Cette acquisition renforce la position de H.B. Fuller sur le marché mondial des bandes imperméables de 15 milliards de dollars et s'inscrit dans la stratégie de l'entreprise visant à atteindre une marge EBITDA ajustée de 20 % au cours des 3 à 5 prochaines années. HS Butyl, avec plus de 23 millions de dollars de ventes annuelles, exporte vers plus de 50 pays et fera partie de l'unité commerciale mondiale des adhésifs pour la construction de H.B. Fuller.
Cette acquisition complète la gamme de produits butyle existante de H.B. Fuller et crée des opportunités pour de nouvelles solutions sur le marché des adhésifs d'ingénierie. Elle établit également la présence de l'entreprise sur le marché européen des bandes imperméables, qui est deux fois plus grand que celui de l'Amérique du Nord. Ce mouvement s'inscrit dans le prolongement de l'acquisition par H.B. Fuller de GSSI Sealants Inc. en 2022, élargissant encore ses technologies de bandes butyle.
Die H.B. Fuller Company (NYSE: FUL) hat die HS Butyl übernommen, den größten Hersteller von hochwertigen Butylklebebändern im Vereinigten Königreich. Diese Übernahme stärkt die Position von H.B. Fuller im 15 Milliarden Dollar großen globalen Markt für wasserdichte Klebebänder und passt zur Strategie des Unternehmens, in den nächsten 3-5 Jahren eine bereinigte EBITDA-Marge von 20% zu erreichen. HS Butyl, das jährlich über 23 Millionen Dollar Umsatz erzielt, exportiert in mehr als 50 Länder und wird innerhalb der globalen Geschäftseinheit Baukleber von H.B. Fuller tätig sein.
Die Übernahme ergänzt das bestehende Butylprodukte-Sortiment von H.B. Fuller und schafft Möglichkeiten für neue Lösungen im Markt für Ingenieurkleber. Sie etabliert auch die Präsenz des Unternehmens im europäischen Markt für wasserdichte Klebebänder, der doppelt so groß ist wie der nordamerikanische Markt. Dieser Schritt folgt auf die Übernahme von GSSI Sealants Inc. durch H.B. Fuller im Jahr 2022, wodurch die Butylbandtechnologien weiter ausgebaut werden.
- Acquisition strengthens H.B. Fuller's position in the $15 billion global waterproofing tape market
- HS Butyl brings over $23 million in annual sales to H.B. Fuller
- Expands H.B. Fuller's presence in the European waterproofing tape market, which is twice as large as North America's
- Complements existing butyl product line and creates new opportunities in Engineering Adhesives market
- Aligns with strategy to achieve 20% adjusted EBITDA margin in 3-5 years
- None.
Insights
The acquisition of HS Butyl by H.B. Fuller (NYSE: FUL) is a strategic move that aligns with the company's goal of achieving a
The deal complements H.B. Fuller's previous acquisition of GSSI Sealants Inc., creating synergies in their butyl tape technology portfolio. This expansion into specialty construction tapes could drive growth in H.B. Fuller's Construction Adhesives and Engineering Adhesives segments, potentially leading to increased market share and profitability. Investors should monitor how effectively H.B. Fuller integrates HS Butyl and leverages its technology to capture new market opportunities.
H.B. Fuller's acquisition of HS Butyl is a strategic entry into the European waterproofing tape market, which presents significant growth potential. The global waterproofing tape market, valued at
This acquisition, combined with the previous GSSI Sealants deal, positions H.B. Fuller as a major player in the butyl tape segment. The company can now offer a comprehensive product portfolio, potentially increasing its market share and competitive advantage. Investors should watch for H.B. Fuller's ability to cross-sell its expanded product line to existing customers and penetrate new markets, particularly in high-growth sectors like renewable energy.
The acquisition of HS Butyl significantly enhances H.B. Fuller's technological capabilities in specialty adhesives. Butyl tapes are important for creating watertight seals in various applications and HS Butyl's innovative technology platform complements H.B. Fuller's existing product line. This technological synergy opens up new opportunities for product development and innovation, particularly in high-value applications within the Engineering Adhesives market.
H.B. Fuller can now leverage its R&D expertise to further develop HS Butyl's technologies, potentially creating advanced solutions for emerging markets like electric vehicles and renewable energy infrastructure. The combined knowledge base could lead to patentable innovations, strengthening H.B. Fuller's intellectual property portfolio. Investors should monitor the company's ability to translate this technological advantage into new product launches and market share gains in the coming years.
Acquisition strengthens and expands position in the global specialty construction tapes market and creates new opportunities for engineering adhesives solutions
The acquisition ─ which is a continuation of H.B. Fuller’s strategy to deliver adjusted EBITDA margin of 20 percent in the next three to five years ─ advances one of the company’s top 20 technology-based growth segments and uniquely positions H.B. Fuller to accelerate its expansion into the
In 2022, H.B. Fuller grew its existing technology platform for butyl tapes through the acquisition of GSSI Sealants Inc., a North American-based manufacturer with a strong portfolio of butyl tapes. Now, the company will leverage these capabilities and its global distribution network to further grow HS Butyl’s innovative technologies in
“This acquisition establishes H.B. Fuller’s presence in the European waterproofing tape market, expanding our position as a solution provider to existing customers and our relevance to more markets,” says H.B. Fuller President and CEO Celeste Mastin. “HS Butyl’s innovative technology platform not only complements and completes our existing butyl product line for Construction Adhesives customers, it creates compelling opportunities to deliver new, in-demand solutions for our customers in the Engineering Adhesives market, given the technology’s relevance to multiple high-value applications. With our innovation capabilities, talent, and expertise, we will continue to grow our position in this space while delivering new applications that create value for our customers worldwide.”
HS Butyl is a family-owned business that has been designing, engineering, and manufacturing butyl tape from its headquarters in Lymington,
About H.B. Fuller:
As the largest pureplay adhesives company in the world, H.B. Fuller’s (NYSE: FUL) innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2023 revenue of
About HS Butyl:
HS Butyl is a privately owned family business with over 45 years' experience in manufacturing butyl tapes, developing formulations for many different applications.
Forward-Looking Statements
Certain statements in this press release may be considered forward-looking statements. Such statements often address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “opportunity,” “outlook,” “plan,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “will be,” “will continue,” “will likely result,” “would” and similar expressions, and variations or negatives of these words or phrases. These statements are subject to various risks and uncertainties that could cause our actual results to differ materially from those in the forward-looking statements. Additional information about these various risks and uncertainties can be found in the “Risk Factors” section of our Form 10-K filings, and any updates to the risk factors in our Form 10-Q and 8-K filings with the SEC, but there may be other risks and uncertainties that we are unable to identify at this time or that we do not currently expect to have a material impact on the business. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We do not undertake to update or revise any forward-looking statements, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240806150678/en/
Kim Stone
Corporate Public Relations
Kim.Stone@hbfuller.com
713-515-1791
Source: H.B. Fuller Company
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