Ancora Holdings Group LLC has proposed to acquire the Building Adhesive Solutions segment of H.B. Fuller Company for a cash consideration between $1.1 billion and $1.2 billion.
Ancora, a significant shareholder in H.B. Fuller, manages $11.7 billion in assets and has a robust network of institutional and private clients, enabling it to raise additional capital as needed.
The acquisition proposal is contingent upon several conditions, including necessary board and shareholder approvals, governmental and third-party consents, and the completion of due diligence.
Ancora's financial strength is bolstered by a team of advisory and operating partners with expertise in industrial sectors, particularly in specialty chemicals.
The company aims to negotiate and execute a definitive agreement with customary terms for a transaction of this magnitude.