US HB Fuller closes on Forbo's global industrial adhesives deal

05 March 2012 17:17  [Source: ICIS news]

HOUSTON (ICIS)--HB Fuller completed the acquisition of the global industrial adhesives unit of Switzerland-based Forbo, the US-based adhesives producer said on Monday.

The purchase price was Swiss francs (Swfr) 370m ($407m, €309m).

In 2011, the business reported $580m in revenue and $35m in earnings before interest, tax, depreciation and amortisation (EBITDA). It operates 17 plants in 10 countries and employs more than 1,100 people, HB Fuller said.

($1 = Swfr0.91)
($1 = €0.76)

By: Al Greenwood
+1 713 525 2645

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