H.B. Fuller buys Wisdom Worldwide Adhesives businessStaff 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.
Acquisition Wisdom has been privately owned
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. ■