H.B. Fuller Co. has acquired ProSpec Construction Products, which is a provider of tile and stone installation products. According to Jim Owens, president and CEO of H.B Fuller, this acquisition supports the company’s growth strategy by strengthening its customer profile in the southeastern and western regions of the United States, where tile consumption is largest. The addition of ProSpec also increases the depth of H.B. Fuller’s product offerings and enables lower-cost and better service to customers through a larger manufacturing footprint.
ProSpec, with 2013 net revenue of $27 million, will be included in H.B. Fuller’s North America Construction Products operating segment. H.B. Fuller has purchased the business from Bonsal American, a subsidiary of Oldcastle, the North American holding company of CRH.