ST. PAUL, Minn.—H.B. Fuller Co. has entered into an agreement to purchase Cyberbond L.L.C., a global provider of industrial adhesives for the electronics, medical, audio equipment, automotive and structural markets.
Terms of the agreement were not disclosed. H.B. Fuller said in a June 6 news release that it expects the acquisition to close within the month.
“With this acquisition, we will strengthen our position in high-margin, high-growth engineering adhesives markets,” Jim Owens, president and CEO of H.B. Fuller, said in a statement. “Cyberbond will expand our technology portfolio and add well-established sales channels in North America and Europe. In addition, we will leverage the expertise and customer relationships of our team in China to grow the Cyberbond business in that important geography.”
Cyberbond is headquartered in Batavia, Ill., with European operations based in Wunstorf, Germany. H.B. Fuller said Cyberbond generated revenue of about $15 million in fiscal 2015 and will be included in its Engineering Adhesives operating segment.
H.B. Fuller reported net revenue of $2.1 billion in 2015.