H.B. Fuller (FUL) Acquires HS Butyl Limited

H.B. Fuller Company (NYSE: FUL), the largest pureplay adhesives company in the world, today announced that it has acquired HS Butyl Limited (HS Butyl), the UK’s largest manufacturer and distributor of high-quality butyl tapes, which provide strong, permanent, watertight seals for a wide variety of applications within the construction, infrastructure, automotive and renewable energy industries.

The acquisition ─ which is a continuation of H.B. Fuller’s strategy to deliver adjusted EBITDA margin of 20 percent in the next three to five years ─ advances one of the company’s top 20 technology-based growth segments and uniquely positions H.B. Fuller to accelerate its expansion into the $15 billion global waterproofing tape market, which includes butyl tape technologies.

In 2022, H.B. Fuller grew its existing technology platform for butyl tapes through the acquisition of GSSI Sealants Inc., a North American-based manufacturer with a strong portfolio of butyl tapes. Now, the company will leverage these capabilities and its global distribution network to further grow HS Butyl’s innovative technologies in Europe, where the waterproofing tape market is twice as large as in North America.

“This acquisition establishes H.B. Fuller’s presence in the European waterproofing tape market, expanding our position as a solution provider to existing customers and our relevance to more markets,” says H.B. Fuller President and CEO Celeste Mastin. “HS Butyl’s innovative technology platform not only complements and completes our existing butyl product line for Construction Adhesives customers, it creates compelling opportunities to deliver new, in-demand solutions for our customers in the Engineering Adhesives market, given the technology’s relevance to multiple high-value applications. With our innovation capabilities, talent, and expertise, we will continue to grow our position in this space while delivering new applications that create value for our customers worldwide.”

HS Butyl is a family-owned business that has been designing, engineering, and manufacturing butyl tape from its headquarters in Lymington, England, since its founding in 1964. With more than $23 million in annual sales, HS Butyl exports to more than 50 countries around the world. The new business will operate within H.B. Fuller’s Construction Adhesives global business unit.

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