H.B. Fuller strengthens its position in the global specialty construction tapes market.
H.B. Fuller Company announced that it has acquired HS Butyl Limited (HS Butyl), the UK’s largest manufacturer and distributor of high-quality butyl tapes, which provide strong, permanent, watertight seals for a wide variety of applications within the construction, infrastructure, automotive and renewable energy industries.
The acquisition ─ which is a continuation of H.B. Fuller’s strategy to deliver adjusted EBITDA margin of 20 percent in the next three to five years ─ advances one of the company’s top 20 technology-based growth segments and uniquely positions H.B. Fuller to accelerate its expansion into the $15 billion global waterproofing tape market, which includes butyl tape technologies.
In 2022, H.B. Fuller grew its existing technology platform for butyl tapes through the acquisition of GSSI Sealants Inc., a North American-based manufacturer with a strong portfolio of butyl tapes. Now, the company will leverage these capabilities and its global distribution network to further grow HS Butyl’s innovative technologies in Europe, where the waterproofing tape market is twice as large as in North America.
“This acquisition establishes H.B. Fuller’s presence in the European waterproofing tape market, expanding our position as a solution provider to existing customers and our relevance to more markets,” says H.B. Fuller President and CEO Celeste Mastin.
