Noerr has advised the U.S. group H.B. Fuller on a strategic acquisition. For a purchase price of about US$1.58 billion, the manufacturer of industrial adhesives has acquired its competitor, Royal Adhesives & Sealants. The seller is the private equity company American Securities LLC.

The acquisition promotes H.B. Fuller’s continued focus on technical adhesives and other highly specialised market segments. Once the transaction is completed, combined revenue will be around US$2.9 billion. H.B. Fuller alone had 2016 revenue of approximately US$2.1 billion.

The Noerr team, led by London partners Dr Thomas Schulz and Robert Korndörfer, advised H.B Fuller on the aspects of the transaction that are subject to German law. Faegre Baker Daniels LLP provided international advice and support for the transaction.

Advisors for H.B. Fuller Company: Noerr LLP

Dr Thomas Schulz and Robert Korndörfer (co-leads, Corporate/M&A, London), Helge Heinrich (Antitrust, Brussels), Uwe Erling (Regulatory, München), Tillmann Hecht (Employment, Frankfurt), Dr Mansur Pour Rafsendjani (Munich), Dr Bärbel Sachs (Berlin, both Foreign Trade)

Associates: Dr Benjamin Jahn (Employment), Dr Armin Kühne (IP, both Munich), Florian-Felix Marquardt (Tax, Berlin), Diana Richter (Commerce, Munich), Dr Johannes Schäffer (Foreign Trade), Dr Clemens Schönemann (Real Estate, both Berlin), Diana Richter (Commerce, Munich), Dr Max Helleberg (Regulatory, Berlin), Stefan Bauer (Antitrust, Munich)