H.B. Fuller Company acquired Apollo Chemicals Ltd. for approximately $210 million.
January 26, 2022
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H.B. Fuller Company (NYSE:FUL) acquired Apollo Chemicals Ltd. for approximately $210 million on January 26, 2022. H.B. Fuller acquired Apollo for a base purchase price of approximately $203.573 million. The agreement requires H.B. Fuller to pay an additional $2.019 million, following the completion of certain environmental studies. In a related transaction, H.B. Fuller acquired in early January 2022, Fourny nv in Belgium. The total purchase price for the two acquisitions was $211 million, a multiple of 12.3X EBITDA before synergies. H.B. Fuller leveraged its existing revolving credit facility to finance these transactions, which have been approved by the Board of Directors. Apollo will operate within H.B. Fuller's existing Construction Adhesives and Engineering Adhesives business units. Moelis & Company LLC acted as H.B. Fuller's financial advisor on the Apollo transaction and Faegre Drinker is acting as H.B. Fuller's legal counsel.
H.B. Fuller Company (NYSE:FUL) completed the acquisition of Apollo Chemicals Ltd. on January 26, 2022.
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Companyâs segments include Hygiene, Health and Consumable Adhesives, Engineering Adhesives and Construction Adhesives. The Hygiene, Health and Consumable Adhesives segment manufactures and supplies adhesive products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, flexible packaging, graphic arts and envelope markets. The Engineering Adhesives segment provides adhesives to the transportation, electronics, clean energy, aerospace and defense, performance wood, insulating glass, textile, appliance and heavy machinery markets. The 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.
H.B. FULLER COMPANY 
