American Securities Exits Royal Adhesives

American Securities has completed the sale of Royal Adhesives & Sealants to publicly-traded H.B. Fuller Company for approximately $1.6 billion. Royal has been a portfolio company of American Securities since June 2015 when the company was acquired from Arsenal Capital Partners.

Royal Adhesives & Sealants is a producer of proprietary, high-performance adhesives and sealants and other formulated products that are used in aerospace and defense, construction, specialty packaging, automotive and industrial applications. The company, led by President and CEO Ted Clark, is headquartered in South Bend, IN (www.royaladhesives.com).

H.B. Fuller Company (NYSE: FUL) is a manufacturer of adhesives, sealants, and other specialty chemical products that are used in electronics, disposable hygiene, medical, transportation, aerospace, clean energy, packaging, construction, woodworking, general industries and other consumer applications. The company has annual revenues of approximately $2.1 billion and is headquartered near Minneapolis in Vadnais Heights, MN (www.hbfuller.com).

“We are pleased to have supported Ted and the entire Royal management team to drive organic growth through new business wins and growth through accretive acquisitions during our partnership with the company,” said Scott Wolff, a Managing Director of American Securities.

American Securities invests in businesses with $200 million to $2 billion of revenue and $50 million to $300 million of EBITDA.  Sectors of interest include industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurants, and consumer products. The firm has more than $15 billion of capital under management and has offices in New York and Shanghai (www.american-securities.com).

© 2017 Private Equity Professional | October 23, 2017