Noerr has advised the US group HB Fuller, a manufacturer of industrial adhesives, on the strategic acquisition of competitor Royal Adhesives & Sealants in a USD1.58 billion deal.
The seller is the private equity company American Securities LLC.
The acquisition promotes HB Fuller’s continued focus on technical adhesives and other highly specialised market segments. Once the transaction is completed, combined revenue will be around USD2.9 billion. HB Fuller alone had 2016 revenue of approximately USD2.1 billion.
The Noerr team, led by London partners Dr Thomas Schulz and Robert Korndörfer, advised H.B Fuller on the aspects of the transaction that are subject to German law. Faegre Baker Daniels LLP provided international advice and support for the transaction.
