Apollo Bought by New Owner H.B. Fuller

APOLLO, the Staffordshire adhesives, liquids, sealants and primers company has been bought by US based global adhesives business, H.B.Fuller and will operate under its Construction Adhesives and Engineering Adhesives division.

The purchase is thought to have cost in the region of £50 million.

Apollo Bought

Apollo, includes Apollo Chemicals Limited, Apollo Roofing Solutions Limited and Apollo Construction Solutions Limited, supplies adhesives, liquid coatings, sealants and primers and operates from its base in Tamworth. To April 2021 Apollo Chemicals Ltd revenue was £30,833,390 with a net profit of £4,287,362.

The purchase is expected to enhance the position of $3.3 billion turnover H.B. Fuller in key high-value, high-margin markets in the UK and Europe.

H.B. Fuller President and CEO Jim Owens said, “Apollo’s highly specified commercial roofing, construction and high-performance industrial adhesives will drive new growth opportunities in our construction and transportation adhesives businesses in the UK and across EIMEA. Our companies share cultures and growth strategies that are well aligned, and Apollo will integrate seamlessly into our Construction and Engineering Adhesives business units. Together, we will leverage the synergies made possible through this transaction to partner more efficiently and effectively with customers in roofing, building envelope and transportation.”

Additional Opportunities

Previous owner of Apollo, Jonathan Saunders says the new ownership may create additional opportunities for Apollo employees and customers.

Jonathan Saunders said, “The current management structure at Apollo will remain, as will the entire employee base, which was crucial in my decision to sell the business. H.B. Fuller’s core values are in synergy with those of Apollo. Our core values have always guided how Apollo conducts business and interacts with all stakeholders, so it was vital for me that this legacy continued.”

Managing Director of Apollo, Ian Cornelius adds: “The change in ownership will enable Apollo to grow and prosper under a larger and well-respected organization. In particular, it will allow Apollo to continue to expand its operations within the EU. It will also provide additional resource, technology and expertise, meaning that we can further enhance and expand our service and product offering to our customers. Being part of a global company also gives our customers further reassurance regarding continuity of supply from numerous manufacturing sites.”

The change in ownership is effective immediately.

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