Innovative manufacturer welcomes new ownership
Apollo, the UK 's largest privately-owned liquid adhesive, sealant and primer manufacturer, has announced its new ownership under H.B. Fuller.
This new chapter for the company, which is comprised of Apollo Adhesive Solutions, Apollo Chemicals Limited, Apollo Roofing Solutions Limited and Apollo Construction Solutions Limited, is marked by the manufacturers 50th year of innovation.
During its 50 years, Apollo has launched market-changing technology and products. The next 50 years looks just as exciting following Apollo 's decision to select H.B. Fuller, a leading global adhesives company, as its next platform for growth.
Ian Cornelius, managing director of Apollo, said: “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. ”
Andy Moore (pictured), managing director of Bracebridge Corporate Finance who advised on the sale, said: “We are delighted with the outcome for the shareholders of Apollo and to have found the right home for the business. We look forward to seeing Apollo go from strength to strength under H.B. Fuller Company 's ownership. ”
Jim Owens, president and CEO of H.B. Fuller, 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. ”
The change in ownership is effective immediately.