Mergers & Acquisitions ·
H.B. Fuller rejects $1.2B-$1.4B offer for Building Adhesive Solutions and launches market check
FULFuller H B Co
The Board of Directors unanimously rejected Ancora Holdings Group LLC’s second unsolicited, non-binding proposal to acquire the Building Adhesive Solutions business for between $1.2 billion and $1.4 billion in cash. The Board determined the modest price increase did not adequately capture the segment's value and growth potential. Consequently, H.B. Fuller will conduct a market check involving select market segments and product lines less integral to its portfolio, with proceeds intended for deleveraging. The company expects to complete this process by year-end 2026. H.B. Fuller is the world’s largest pureplay adhesives company.