Saturday, October 11, 2025
AdhesivesH.B. Fuller acquires Medifill

H.B. Fuller acquires Medifill

-

H.B. Fuller acquires Medifill

-

H.B. Fuller has signed agreements to acquire two leading medical adhesive technology companies: GEM and Medifill. Medifill is an Irish formulator and producer of medical-grade cyanoacrylate adhesives with a state-of-the-art clean room and manufacturing capabilities. Medifill produces advanced technology that is specifically tailored for the wound closure market. The next-generation formulations enable fast, safe, and effective wound closure.

GEM is an Italian manufacturer and market-leading provider of medical adhesives and innovative application devices approved and certified for over 80 internal indications. The acquisition establishes a European headquarters for H.B. Fuller’s Medical Adhesive Technologies (MAT) business and expands the company’s medical adhesive offerings, further shifting its portfolio toward highly profitable, higher-growth markets.

These acquisitions build upon H.B. Fuller’s previous investments in the tissue adhesives market – including the acquisition of Cyberbond in 2016, Tissue Seal in 2021, and Adhezion Biomedical in 2023 – significantly expanding the company’s global Medical Adhesive Technologies (MAT) business and geographic footprint.

“Tissue adhesives designed for internal use offer innovative alternatives to traditional sutures, staples and embolizing agents,” says H.B. Fuller president and CEO Celeste Mastin. “With the purchase of GEM, Medifill, and our previous acquisitions in this space, H.B. Fuller has now built a Medical Adhesive Technologies business founded on our expertise in cyanoacrylate chemistry, and we have extended our penetration into a global footprint.”

When combined, the two companies are expected to generate 2024 net revenue and adjusted EBITDA of €23 million and €11.5 million, respectively. The two companies will operate within H.B. Fuller’s Hygiene, Health & Consumable (HHC) Adhesives Global Business Unit (GBU). On a combined basis, the acquisitions will be completed at a pre-synergy EBITDA multiple of 15.5X, and a three-year post-synergy EBITDA multiple of 9.5X based on a combined purchase price of €180 million.

Subject to customary closing conditions and regulatory approvals, the GEM acquisition is expected to close in February 2025.

NewsDesk
NewsDesk
The editorial team of The Packman who handle all the press releases with Sunil Jain working as the desk editor.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Pentawards 2025 winners revealed

Pentawards, the world’s most prestigious competition dedicated exclusively to packaging design, has unveiled the winners of its annual global...

Kisuma Chemicals to showcase magnesium-based additives for recycled plastics at K 2025

At K 2025, Kisuma Chemicals will showcase its latest range of magnesium-based additives and synergistic additive blends designed to...

IMCD to highlight future-focused and sustainable solutions at K 2025

IMCD Group, a global distributor and formulator of speciality chemicals and ingredients, has participated in K 2025 in Hall...

Palsgaard showcases innovative solutions at K 2025

Palsgaard, a plant-based emulsifier and polymer additives company, will present its latest innovations in safe and responsible chemistry at...
- Advertisement -spot_img

Sabic unveils advanced material solutions at K 2025

Sabic, a global leader in the chemical industry, showcased its theme ‘Connecting Everyday Life’ at K 2025 by unveiling...

OQ expands water security portfolio with new PP pipe grade at K 2025

OQ, Oman’s global integrated energy group, today announced the launch of its latest polymer innovation, Luban RP6207B, a polypropylene...

Must read

Fujian Furong Technology Group adds 10.4 meter Atlas slitter rewinder

  Atlas Converting Equipment has signed a contract with Fujian...

Kohli Industries’ open house near Mumbai – 6 and 7 November 2017

Kohli Industries is organizing an open house in Ambernath...

You might also likeRELATED
Recommended to you