H.B. Fuller Announces Divestiture Of Flooring Business; Proceeds From The Sale Are Expected To Be $80M, And The Divestiture Will Result In A Reduction In Annual Revenue Of ~$160M And Adjusted EBITDA Of ~$15M Going Forward
H.B. Fuller Announces Divestiture Of Flooring Business; Proceeds From The Sale Are Expected To Be $80M, And The Divestiture Will Result In A Reduction In Annual Revenue Of ~$160M And Adjusted EBITDA Of ~$15M Going Forward
H.B. Fuller also announced today that it has sold its Flooring business to Pacific Avenue Capital Partners, a leading private equity firm based in Los Angeles, Calif.Company Realigns Building and Construction Market Segments into Newly Named Global Business Unit
公司重新调整建筑和施工市场领域，成立新命名的全球业务单位
H.B. Fuller Company (NYSE:FUL), the largest pureplay adhesives company in the world, announced today that it will reorganize the building and construction segments of its portfolio to create a faster growing solutions business with a complementary customer base across the architectural and infrastructure markets. The reorganization includes the sale of the Flooring business as well as combining the company's Insulated Glass, Woodworking, and Composite segments, currently part of Engineering Adhesives, with its Roofing and Building Envelope and Infrastructure (BE&I) segments to form a newly named Global Business Unit (GBU): Building Adhesive Solutions (BAS), effective with the start of H.B. Fuller's 2025 fiscal year.
富乐公司（纽交所：FUL），是全球最大的纯粹粘合剂公司，今天宣布将重组其投资组合的建筑与施工领域，以创建一个快速增长的解决方案业务，并在建筑与制造行业中建立互补的客户基础。此次重组包括出售地板业务，并将公司的绝缘玻璃、木工和复合材料领域（目前属于工程粘合剂）与其屋顶和建筑外壳及基础设施（BE&I）领域结合起来，形成一个新命名的全球业务单位（GBU）：建筑粘合剂解决方案（BAS），将于富乐2025财年开始时生效。
BAS, as combined, generated approximately $850 million in net revenue and approximately $130 million in adjusted EBITDA in fiscal year 2024. BAS features a larger scale GBU designed to capture growth in the burgeoning global infrastructure market, including energy, utilities and data management applications, and capitalize on H.B. Fuller's existing position in the global architectural market. BAS replaces H.B. Fuller's existing Construction Adhesives GBU and will be led by Shahbaz (Boz) Malik, Senior Vice President, BAS.
BAS合并后在2024财年产生了约85000万的净营业收入和约13000万的调整后EBITDA。BAS拥有更大规模的GBU，旨在在蓬勃发展的全球基础设施市场，包括能源、公共事业和数据管理应用中获得增长，并利用富乐在全球建筑市场的现有地位。BAS取代了富乐现有的施工粘合剂GBU，将由高级副总裁Shahbaz（Boz）Malik领导。
H.B. Fuller also announced today that it has sold its Flooring business to Pacific Avenue Capital Partners, a leading private equity firm based in Los Angeles, Calif.
富乐今天还宣布，已将其地板业务出售给位于加利福尼亚州洛杉矶的领先股权投资公司Pacific Avenue Capital Partners。
"This move is consistent with our strategy to drive our portfolio and capital allocation to the highest margin, fastest growing segments of the $80 billion global adhesives industry," says H.B. Fuller President and CEO Celeste Mastin. "With Pacific Avenue Capital Partners, we have found the right home for our talented Flooring team and brand-recognized products."
富乐总裁兼首席执行官Celeste Mastin表示：“这一举措与我们的策略一致，旨在推动我们的投资组合和资本分配，集中在全球800亿的粘合剂行业中最高利润、增长最快的领域。”他说：“在Pacific Avenue Capital Partners的帮助下，我们为我们才华横溢的地板团队和知名品牌产品找到了合适的归宿。”
Proceeds from the sale are expected to be $80 million, and the divestiture will result in a reduction in annual revenue of approximately $160 million and adjusted EBITDA of approximately $15 million going forward. The acquisition closed on Dec. 2, 2024, the second day of H.B. Fuller's 2025 fiscal year. H.B. Fuller was advised in the sale by Harris Williams, a global investment bank specializing in M&A and private capital advisory services.
此次出售的收益预计为8000万，且此次剥离预计每年营业收入将减少约16000万，调整后EBITDA将减少约1500万。收购于2024年12月2日完成，即富乐2025财年的第二天。富乐在此次出售中的咨询顾问是Harris Williams，这是一家专注于并购及私募资本咨询服务的全球投资银行。
