Apollo Under New Ownership
Published: 27 January 2022
As Apollo celebrates its 50th year of innovation, it is excited to announce that the next 50 years will begin under the new ownership of H.B. Fuller.
Established in 1972, Apollo has been supplying industry-leading adhesives, liquid coatings, sealants and primers from its Tamworth, UK, base for half a century. The development of innovative products through customer collaboration, as well as delivering excellent customer service, has always been at the heart of what Apollo does.
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 global and well-respected adhesives company, as its next platform for growth.
Previous owner of Apollo, Jonathan Saunders says: “Strategically, the new ownership opens many opportunities for Apollo employees and customers. The current management structure at Apollo will remain, as will the entire employee base, which was crucial in my decision to sell the business. H.B. Fuller’s core values are in synergy with those of Apollo. Our core values have always guided how Apollo conducts business and interacts with all stakeholders, so it was vital for me that this legacy continued.”
Managing Director of Apollo, Ian Cornelius adds: “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.”
H.B. Fuller President and CEO Jim Owens says: “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.”
Andy Moore, Managing Director of Bracebridge Corporate Finance who advised on the sale, commented: “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.”
The change in ownership is effective immediately.
Apollo includes Apollo Chemicals Limited, Apollo Roofing Solutions Limited and Apollo Construction Solutions Limited.
H.B. Fuller is a growing and well-respected global adhesives company, dedicated to delivering world-class solutions and technical support to customers in the markets it serves.
