H.B. Fuller Company has announced that it will reorganize the building and construction segments of its portfolio. The company says this move is to create a faster growing solutions business with a complementary customer base across the architectural and infrastructure markets. The reorganization includes the sale of the flooring business as well as combining the company’s insulated glass, woodworking, and composite segments, currently part of engineering adhesives, with its Roofing and Building Envelope and Infrastructure (BE&I) segments to form a newly named Global Business Unit (GBU): Building Adhesive Solutions (BAS), effective with the start of H.B. Fuller’s 2025 fiscal year.
BAS, as combined, generated approximately $850 million in net revenue in fiscal year 2024. BAS replaces H.B. Fuller’s existing Construction Adhesives GBU and will be led by Shahbaz (Boz) Malik, senior vice president, BAS.
H.B. Fuller also announced that it has sold its flooring business to Pacific Avenue Capital Partners, a private equity firm based in Los Angeles, California.
“This move is consistent with our strategy to drive our portfolio and capital allocation to the highest margin, fastest growing segments of the $80 billion global adhesives industry,” says Celeste Mastin, president and CEO of H.B. Fuller. “With Pacific Avenue Capital Partners, we have found the right home for our talented Flooring team and brand-recognized products.”
The acquisition closed on December 2, 2024, the second day of H.B. Fuller’s 2025 fiscal year. Founded in 1887, has more than 7,500 global team members with customers across more than 30 market segments in more than 140 countries.