H.B. Fuller Company acquires ProSpec® Construction Products
ProSpec, with 2013 net revenue of $27 million, will be included in H.B. Fuller's North America Construction Products operating segment. H.B. Fuller has purchased the business from Bonsal American, a subsidiary of Oldcastle, Inc., the North American holding company of CRH plc. The acquisition includes three factories and expands the manufacturing footprint of H.B. Fuller's construction business into Texas and California. It also improves the company's manufacturing efficiency in the Southeast and Northeast U.S.
"Construction is one of our key growth segments in North America, and this acquisition is an exciting move for H.B. Fuller," said Jim Owens, H.B. Fuller President and CEO. "With ProSpec, we will be able to better serve our big box customers with locations in the West and Southwest, broaden our product line, reduce our manufacturing and freight costs, and increase our presence with customers and key distributors in the Southeast."
ProSpec has a long history of providing architects, engineers and commercial/residential construction contractors with the finest in professionally specified construction products that include surface preparation systems, tile and stone installation systems, and concrete repair and restoration products.
For more information, visit www.hbfuller.com.