Mergers Acquisitions  
H.B. Fuller to Spend $1.57 Billion  
on Acquisition of Royal Adhesives  
B. Fuller will purchase Royal “together, we will be a great team.” He  
Royal, headquartered in South  
Adhesives & Sealants,a man- added, “Innovation is the core of who Bend, Ind., supplies industrial adhe-  
H.ufacturer of specialty adhe- they are,and it’s the core of what we do.” sives to a wide range of markets, in-  
sives and sealants, for $1.57 billion.  
In the durable assembly segment, cluding insulating glass, aerospace,  
In an announcement from H.B.Fuller, which includes insulating glass adhe- transportation, commercial roofing,  
the company said that when the trans- sives,spacer systems and glazing,Owens solar, packaging and flooring appli-  
action closes this fall, H.B. Fuller will said Royal has “a great position that cations. It operates 19 facilities in five  
total nearly $2.9 billion in revenue for complements ours.” He pointed to Royal countries and employs approximately  
the year, up from $2.1 billion in 2016.  
subsidiary Kommerling’s strong brand 1,500 people. Owens said H.B. Fuller  
H.B. Fuller president and CEO Jim in Europe and said the merging of H.B. visited all 19 of Royal’s locations  
Owens said in a conference call that Royal Fuller and Royal“creates the No. 1 global around the world, which confirmed  
“fits perfectly with our strategy,”and that insulating glass [sealants] supplier.”  
they would be a “great cultural fit” for  
H.B. Fuller.  
H.B. Fuller, based in St. Paul, Minn.,  
makes sealant and adhesive products  
for the construction, woodworking,  
clean energy, electronics, disposable  
hygiene, medical, transportation and  
packaging industries, as well as other  
consumer businesses.It has locations in  
42 countries and reaches customers in  
more than 100 countries,employing ap-  
proximately 3,700 workers worldwide.  
H.B. Fuller said it intends to pay for  
the transaction through new debt fi-  
nancing.The acquisition of Royal is ex-  
pected to generate approximately $650  
million in revenue and $138 million  
in adjusted earnings for H.B. Fuller in  
fiscal year 2017, according to the com-  
pany’s announcement.  
Jeld-Wen to Purchase  
Australian Company  
eld-Wen Holding Inc. will acquire the Kolder Group, an Australian provider  
of shower enclosures, closet systems and related building products.  
“The Kolder acquisition significantly enhances our existing Australian capa-  
bilities in glass shower enclosures and built-in closet systems, and supports our  
and CEO Mark Beck. “We expect to deliver synergies through operational savings  
from the implementation of JEM and by leveraging the combined benefits of our  
new Queensland glass  
processing facility along  
with Kolder’s internal  
glass capabilities across  
our manufacturing plat-  
form. We welcome the  
entire Kolder team to the  
Jeld-Wen family.”  
Kolder was privately  
Executive vice president and CFO  
John Corkrean said on the conference  
call the purchase is subject to limited  
contingencies and that it could close as  
early as October of this year.  
held by its founders and  
other minority sharehold-  
ers. Terms of the acquisi-  
tion were not disclosed.  
Kolder is Jeld-Wen’s ninth  
acquisition in the last two  
years, and the fourth in  
The Kolder Group provides shower enclosures, its Australasia segment  
during that period.  
Beacon Roofing to Acquire  
Allied Building Products  
Beacon Roofing Supply Inc., a  
publicly traded distributor of roof-  
ing and complementary building  
products, has entered into a defin-  
itive purchase agreement to acquire  
Allied Building Products Corp., an  
closet systems and related building products.  
USGlass, Metal & Glazing | October 2017  
exterior and interior building prod- branches in all 50 states and six Press Glass Acquires  
ucts distributor, from global build- provinces across Canada.  
Glass Dynamics  
Press Glass NA Inc., sister company  
ing products group CRH for $2.625  
billion in cash.  
The expanded geographic foot-  
print will allow Beacon to enter new of Press Glass SA, purchased North  
Founded in 1950, Allied is head- local markets, particularly in New Carolina-based Glass Dynamics Inc.  
quartered in East Rutherford, N.J., York, New Jersey and the upper Mid- Founded in 1986, Glass Dynamics  
and distributes products across west. In addition, acquiring Allied fabricates glass for the commer-  
08 locations in 31 states, includ- allows Beacon to accelerate growth cial glazing industry and primarily  
ing metal, skylights, doors and win- in other key product categories, in- serves the mid- and south-Atlantic  
dows, and more. According to the cluding doors and windows, among regions.  
announcement, the combination others.  
According to a release from Press  
of Beacon and Allied will create a Allied’s 3,500 employees will join Glass, Glass Dynamics plans to ex-  
North American wholesale building Beacon’s workforce of more than 5,000. pand its product offering and in-  
materials distributor with revenues The transaction is expected to close on crease capacity. It currently employs  
of approximately $7 billion and 593 or around January 2, 2018.  
130 people. n  
October 2017 | USGlass, Metal & Glazing  

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