Global adhesives provider HB Fuller has bought Cyberbond, an industrial adhesives provider working in the electronics, medical, audio equipment, automotive and structural markets.
Cyberbond was founded in 1997 and has an HQ in Batavia Ilinois as well as European operations based in Wunstorf, Germany. Cyberbond generated revenue of around $15 million in fiscal year 2015.
“With this acquisition, we will strengthen our position in high-margin, high-growth engineering adhesives markets,” says Jim Owens, president and CEO at HB Fuller. “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.”
James East, CEO and a founding owner of Cyberbond, added: “Cyberbond is excited about joining H.B. Fuller. We look forward to a seamless transition and continuing to grow our business under new ownership.”
East and other key managers will continue with the company following the closing of the acquisition.