H B Fuller acquire US adhesives manufacturer Cyberbond

H B Fuller to acquire US adhesives manufacturer Cyberbond

7:41 AM, 8th June 2016
H B Fuller to acquire US adhesives manufacturer Cyberbond

ST PAUL, US: H B Fuller Company (FUL) has signed an agreement to acquire Cyberbond LLC, a global manufacturer of industrial adhesives for the electronics, medical, audio equipment, automotive, and structural markets.

Founded in 1997, Cyberbond is headquartered in Batavia, Illinois (US), with European operations based in Wunstorf, Germany. The company generated revenue of approximately $15 million in fiscal 2015 and will be included in H B Fuller’s engineering adhesives operating segment.

“With this acquisition, we will strengthen our position in high-margin, high-growth engineering adhesives markets. Cyberbond will expand our technology portfolio and add well-established sales channels in North America and Europe. In addition, we will leverage the expertise and customer relationships of our team in China to grow the Cyberbond business in that important geography,” said Jim Owens, president and CEO, H B Fuller.

“Cyberbond is excited about joining H B Fuller. We look forward to a seamless transition and continuing to grow our business under new ownership,” said James East, CEO and a founding owner of Cyberbond.

East and other key managers will continue with the company following the closing of the acquisition.

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