Expanding Capabilities in the Fast-growing Healthcare Adhesives Market
ST. PAUL, MN - H.B. Fuller Company (NYSE: FUL), the biggest pureplay adhesives company in the world, announced that it has acquired, a privately held U.S. medical adhesives company with customers in more than 40 countries and more than 35 global certifications, including 105 patents.
The acquisition of Adhezion ─ which manufactures and distributes highly differentiated, proprietary cyanoacrylate technologies for surgical care, wound management, and infection prevention in healthcare settings ─ builds a platform of scale for H.B. Fuller in the topical skin bonding market, adding to capabilities attained from the company's purchase of Tissue Seal in 2021 and providing vertically integrated adhesive manufacturing and packaging capability. The acquisition decisively positions H.B. Fuller for expansion in the medical adhesives industry and creates a solid, unique platform from which to scale and innovate in the highly profitable, $8 billion health care adhesives space.1
"This is a strategic move in support of our long-term growth strategy," said Jim East, executive vice president, Hygiene, Health, and Consumable Adhesives. "H.B. Fuller products have been used around the world in medical applications for more than two decades, enabling new ideas and accelerating innovation. With our acquisition of Adhezion Biomedical, we will not only open new markets and diversify our portfolio, we will significantly strengthen our capabilities in the medical adhesives space, representing a milestone in our commitment to deliver greater value to our customers around the world."
With a team of approximately 50 employees, Adhezion Biomedical will operate within H.B. Fuller's existing Hygiene, Health, and Consumable Adhesives global business unit to accelerate growth with new medical grade technology, in-depth application expertise, and reinforced ability to certify new innovations in the healthcare industry around the world.
1Source: Markets & Markets - Medical Adhesives Market, Global Forecast to 2026.
About H.B. Fuller:
Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives and sealants to improve products and lives. With fiscal 2022 net revenue of $3.75 billion, H.B. Fuller's commitment to innovation and sustainable adhesive solutions brings together people, products, and processes that answer and solve some of the world's biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, health and beauty, transportation and infrastructure, aerospace, clean energy, packaging, construction, woodworking, general industries, and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive..
About Adhezion Biomedical LLC
Prior to the acquisition, Adhezion Biomedical was a privately held medical device company based in Pennsylvania, U.S. Adhezion is committed to developing and manufacturing medical cyanoacrylate products used in the treatment of wound closure, wound management, intravenous device securement and infection prevention.Estela Viegas .
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Source: H.B. Fuller Company
H.B. Fuller Company published this content on 05 July 2023 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 06 July 2023 15:39:10 UTC.