Royal Adhesives Sale Completed
American Securities Completes Sale of Royal Adhesives & Sealants to H.B. Fuller Company
Oct. 22, 2017, 08:36 PM
NEW YORK, Oct. 22, 2017 /PRNewswire/ — American Securities LLC, a leading U.S. private equity firm, today announced that it has completed the sale of Royal Adhesives & Sealants (“Royal” or the “Company”) to H.B. Fuller Company (NYSE: FUL) (“H.B. Fuller“) for $1.575 billion. H.B. Fuller is a leading global adhesives provider focusing on perfecting adhesives, sealants, and other specialty chemical products to improve products and lives.
Royal is a global developer and manufacturer of proprietary, high-performance adhesives and sealants. Headquartered in South Bend, Indiana, Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets, including aerospace and defense, construction, specialty packaging, automotive and industrial. The company offers a broad spectrum of customized thermosetting epoxy and urethane, solvent-based and water-based technologies to meet the most demanding adhesive and sealant applications.
“We are proud of our commitment to innovation and our long-term customer relationships,” said Ted Clark, President and CEO of Royal. “We have drawn upon American Securities’ significant experience in the specialty chemicals sector to help us continue to deliver industry-leading growth. We look forward to our next chapter of growth with H.B. Fuller.”
Scott Wolff, a Managing Director of American Securities, commented, “We are pleased to have supported Ted and the entire Royal management team to drive organic growth through new business wins and growth through accretive acquisitions during our partnership with the Company.