H.B. Fuller Acquires HS Butyl Limited; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
H.B. Fuller Company (NYSE:FUL) has acquired HS Butyl Limited, the UK's largest manufacturer of butyl tapes. This acquisition aims to strengthen H.B. Fuller's position in the global specialty construction tapes market and create new opportunities in engineering adhesives solutions. The move is part of H.B. Fuller's strategy to achieve an adjusted EBITDA margin of 20% in the next three to five years.
August 06, 2024 | 12:45 pm
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H.B. Fuller Company (NYSE:FUL) has acquired HS Butyl Limited to strengthen its position in the global specialty construction tapes market. This acquisition is expected to create new opportunities in engineering adhesives solutions and aligns with the company's strategy to achieve a 20% adjusted EBITDA margin in the next three to five years.
The acquisition of HS Butyl Limited by H.B. Fuller is a strategic move to enhance its market position in the specialty construction tapes market. This aligns with the company's long-term financial goals, which is likely to positively impact its stock price in the short term.
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