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H.B. Fuller buys Wisdom Worldwide Adhesives business

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Staff Writer | January 31, 2017
H.B. Fuller Company purchased the industrial adhesives business of Wisdom Worldwide Adhesives, a provider of adhesives for the packaging, paper converting, and assembly markets.
H.B. Fuller
Acquisition   Wisdom has been privately owned
Founded in 1875, Wisdom has been privately owned and operated by five consecutive generations of the Wisdom family and is headquartered in Elgin, Illinois.

The company generated revenue and EBITDA of approximately $100 million and $11 million, respectively, in fiscal 2016.

The business was purchased for $122 million and is expected to generate annual run rate synergies of approximately $6 million starting in 2018, which would make the purchase price multiple equal to approximately seven times Wisdom’s fiscal 2016 EBITDA on a post-synergy basis.

H.B. Fuller expects the transaction to be modestly accretive to earnings in the first year. The business will be included in H.B. Fuller’s Americas Adhesives operating segment.


 

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