H.B. Fuller acquires Apollo Chemicals, Fourny nv for $211M total; expects $8M annual synergies

FULLER H B CO

Total purchase price $211M; multiple 12.3x EBITDA before synergies, 8.4x after expected $8M annual run-rate synergies.
Apollo projected 2022 revenue ~£42M (~$56M) and EBITDA ~£11M (~$15M); Fourny had 2021 sales €8M and EBITDA €2.1M.
Transactions financed via existing revolving credit facility; expected to be accretive to adjusted EPS in first year.
Deals expand H.B. Fuller's position in UK and European construction roofing, industrial adhesives markets.

item 5.02 item 7.01 item 9.01

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Departed

John C. van Roden, Jr.

director

FUL · FULLER H B CO

Effective: 2022-04-07
Filed: January 28, 2022, 6:59 PM ET

John C. van Roden, Jr. notified the Board of Directors of H.B. Fuller Company (the “Company”) of his retirement as a director of the Company effective at the end of his current term, April 7, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John C. van Roden, Jr. retired as director at FULLER H B CO.

Action: retired
Role: director

Exact text from the filing

John C. van Roden, Jr. notified the Board of Directors of H.B. Fuller Company (the “Company”) of his retirement as a director of the Company effective at the end of his current term, April 7, 2022.

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FULLER H B CO filing history →

Source: SEC EDGAR

accession 0001437749-22-001857

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