ST. PAUL, MN — H.B. Fuller Company announced Monday that it has signed an agreement to purchase Cyberbond, LLC, a global provider of industrial adhesives for the electronics, medical, audio equipment, automotive and structural markets.
“With this acquisition, we will strengthen our position in high-margin, high-growth engineering adhesives markets,” said H.B. Fuller president and CEO Jim Owens. “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.”
Founded in 1997, Cyberbond is headquartered in Batavia, IL, with European operations based in Wunstorf, Germany. The company generated revenue of approximately $15 million in fiscal 2015 and will be included in H.B. Fuller’s Engineering Adhesives operating segment.
“Cyberbond is excited about joining H.B. Fuller. We look forward to a seamless transition and continuing to grow our business under new ownership,” says James East, CEO and a founding owner of Cyberbond. Mr. East and other key managers will continue with the company following the closing of the acquisition.
The company expects the acquisition to close this month.