H.B. Fuller Company acquired Gssi Sealants, Inc. for $7.5 million.
November 15, 2022
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H.B. Fuller Company (NYSE:FUL) acquired Gssi Sealants, Inc. for $7.5 million on October 24, 2022. Miguel Pena, president, and owner of GSSI, joins H.B. Fuller's U&I Leadership Team and will oversee the Butyl Tapes business. Pena also is a board member for the Metal Construction Association. GSSI's 60 employees will continue employment with H.B. Fuller.
H.B. Fuller Company (NYSE:FUL) completed the acquisition of Gssi Sealants, Inc. on October 24, 2022. H.B. Fuller acquired GSSI for a total purchase price of $7.483 million, which was funded through existing cash. This includes a holdback amount of $1.05 million that will be paid on the 12 month anniversary of the closing date.
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 
