H.B. Fuller Confirms Receipt of Unsolicited Proposal for Building Adhesive Solutions Segment
Image courtesy of H.B. Fuller.
H.B. Fuller Company, the world’s largest pureplay adhesives company, confirmed receipt Aug. 12 of an unsolicited proposal from Ancora Holdings Group to acquire its Building Adhesive Solutions (BAS) business for between $1.1 billion and $1.2 billion in cash.
Although Ancora previously expressed a passing verbal interest in BAS, the letter received Aug. 12, simultaneous to the news being made public, represents the first offer that Ancora has made for this business, according to H.B. Fuller.
H.B. Fuller’s management team and Board of Directors regularly review the company’s portfolio to maximize shareholder value creation. Consistent with that focus, the board will carefully evaluate the proposal in consultation with its financial and legal advisors.
As the largest pureplay adhesives company in the world, H.B. Fuller’s innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2025 revenue of $3.5 billion, the company has more than 7,100 global team members who collaborate with customers across more than 30 market segments in 150 countries to develop highly specified solutions for their end markets.
For coatings and adhesives manufacturers, H.B. Fuller’s response adds the company’s position to a potential portfolio transaction involving one of the industry’s major adhesives suppliers. Follow PCI’s ongoing coverage of mergers and acquisitions for related transactions and strategic changes across the industry.
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