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."
About Royal Adhesives & Sealants
Royal Adhesives
& Sealants 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. For
additional information on Royal, please visit
www.royaladhesives.com.
About American Securities
Based in New York with an office in Shanghai, American Securities is a leading
U.S. private equity firm that invests in market-leading North
American companies with annual revenues generally ranging from
$200 million to $2 billion and/or
$50 million to $300 million of
EBITDA. American Securities and its affiliates have approximately
$15 billion under management.
www.american-securities.com
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SOURCE American Securities LLC