H.B. Fuller is a global leader in the formulation, manufacturing, and marketing of adhesives, sealants, and specialty chemical products. The company provides innovative solutions that enhance the performance of consumer and industrial goods, as well as construction applications. Its products are used in diverse industries, including packaging, hygiene, electronics, transportation, and building infrastructure.
- Hygiene, Health, and Consumable Adhesives - Produces specialty industrial adhesives for packaging, converting, nonwoven and hygiene, health and beauty, flexible packaging, graphic arts, and envelope markets.
- Engineering Adhesives - Supplies high-performance adhesives for durable assembly, transportation, electronics, clean energy, aerospace and defense, appliance, heavy machinery, insulating glass, textile, and performance wood markets.
- Construction Adhesives / Building Adhesive Solutions - Manufactures adhesives, sealants, tapes, mortars, grouts, and application devices for commercial roofing, heavy infrastructure projects, residential/commercial flooring, HVAC insulation systems, and other construction-related applications.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Celeste B. Mastin ExecutiveBoard | President and Chief Executive Officer | Celeste B. Mastin has served as the President and Chief Executive Officer of H.B. Fuller Company since December 2022. She has over 30 years of executive experience in manufacturing and distribution, previously serving as Executive Vice President and Chief Operating Officer at H.B. Fuller from March to December 2022. | View Report → | |
Heather A. Campe Executive | Senior Vice President, International Growth | Heather A. Campe is the Senior Vice President, International Growth at H.B. Fuller since December 2021. Previously, she served as Senior Vice President, Global Hygiene, Health and Consumable Adhesives from August 2019 to November 2021 at H.B. Fuller. | ||
James J. East Executive | Executive Vice President, Hygiene, Health and Consumable Adhesives | James J. East has served as Executive Vice President at H.B. Fuller since December 2022 and has previously held roles as Senior Vice President and Vice President at the company. His leadership in the Hygiene, Health and Consumable Adhesives segment reflects his significant contributions to the company. | ||
Joao Magalhaes Executive | Senior Vice President, Engineering Adhesives | João Magalhaes is set to serve as Senior Vice President, Engineering Adhesives at H.B. Fuller beginning March 2025, and he has held previous roles such as Vice President, Engineering Adhesives, Global Mobility since December 2023 and Vice President, Engineering Adhesives, Global Wood and Composites from February 2021 to November 2023. | ||
John J. Corkrean Executive | Executive Vice President and Chief Financial Officer | John J. Corkrean is the Executive Vice President and Chief Financial Officer at H.B. Fuller Company since May 2016. He previously served as Vice President, Controller. | ||
Laura J. Lorenz Executive | Senior Vice President, Human Resources & Communication | Laura J. Lorenz is currently serving as Senior Vice President, Human Resources & Communication at H.B. Fuller since January 2025. Previously, she served in senior HR roles at Skywater Technology and 3M Company. | ||
M. Shahbaz Malik Executive | Senior Vice President, Building Adhesives Solutions | M. Shahbaz Malik is the Senior Vice President, Building Adhesives Solutions at H.B. Fuller since December 2024, and he previously served as Senior Vice President, Construction Adhesives from December 2019 to December 2024. | ||
Nathaniel D. Weaver Executive | Executive Vice President, Business Transformation | Nathaniel D. Weaver is the Executive Vice President, Business Transformation at H.B. Fuller since December 2024, and previously served as Senior Vice President, Human Resources from December 2022 to November 2024. He has advanced through several roles at H.B. Fuller, focusing on business transformation and HR leadership. | ||
Xinyu Du Executive | Senior Vice President, Global Research & Development | Xinyu Du is the Senior Vice President, Global Research & Development at H.B. Fuller since January 2025. Previously, they served as Vice President in several divisions including Engineering Adhesives Asia Pacific and Global Product Management from July 2023 to December 2024. | ||
Charles T. Lauber Board | Independent Director | Executive Vice President and Chief Financial Officer at A. O. Smith Corporation; Board Member for the National Association of Manufacturers | Charles T. Lauber serves as an Independent Director at H.B. Fuller since January 23, 2023. He has extensive experience in financial leadership from his roles as Executive Vice President and Chief Financial Officer at A. O. Smith Corporation and prior positions at Ernst & Young. | |
Daniel L. Florness Board | Independent Director | CEO of Fastenal Company | Daniel L. Florness has been an Independent Director at H.B. Fuller since 2018, serving on the Audit, Corporate Governance and Nominating Committees. He is also the Chief Executive Officer of Fastenal Company since 2024, with previous roles as CFO and President at Fastenal Company. | |
Michael J. Happe Board | Independent Director | President and Chief Executive Officer at Winnebago Industries, Inc. | Michael J. Happe has served as an Independent Director at H.B. Fuller since 2021 and is a member of the Compensation Committee and the Corporate Governance and Nominating Committee. He is also the President and Chief Executive Officer at Winnebago Industries, Inc. since 2016, and previously held executive roles at The Toro Company. | |
Ruth S. Kimmelshue Board | Independent Director | Ruth S. Kimmelshue serves as an Independent Director at H.B. Fuller since 2017 and chairs the Compensation Committee since January 23, 2025. Previously, she held executive roles including Corporate Senior Vice President at Cargill until December 2024. | ||
Srilata A. Zaheer Board | Independent Director | Dr. Srilata A. Zaheer is an Independent Director at H.B. Fuller since 2022, serving on the Audit and Compensation Committees. Previously, she served as Dean of the Carlson School of Management (2011-2023) and held leadership roles at the Federal Reserve Bank (2017-2023). | ||
Teresa J. Rasmussen Board | Independent Chair of the Board | President and CEO, Thrivent Financial for Lutherans; Board Member, Thrivent | Teresa J. Rasmussen has served as the Independent Chair of the Board at H.B. Fuller since January 2025. She also has extensive leadership experience, having been the President and CEO of Thrivent Financial for Lutherans since 2018. | |
Thomas W. Handley Board | Independent Director | Director at Republic Services, Inc. | Thomas W. Handley has served as an Independent Director at H.B. Fuller since 2010 and chairs the Audit Committee while serving on the Corporate Governance and Nominating Committee. Previously, he held senior roles at Cascade Asset Management, Ecolab, Inc., and Procter & Gamble. |
- With raw material inflation impacting HHC, can you elaborate on which specific raw materials are driving these cost pressures and detail the measures you are taking to secure alternative suppliers and mitigate this impact?
- Despite the recent pricing traction in HHC, margins remain below target; what is your detailed strategy and timeline to achieve a consistent EBITDA margin in the 16-17% range?
- Working capital adjustments have exceeded your initial expectations, so what specific self-help initiatives are you implementing to reduce working capital intensity and ensure operating cash flow meets the $300–$325 million guidance?
- Given the indirect effects of tariffs on durable goods production, what proportion of your customer revenue do you expect to be vulnerable to these tariff impacts, and how might this affect your overall organic revenue performance?
- The solar business has continued to underperform with an estimated $20 million EBITDA drag; what concrete actions are you taking to reposition this segment and prevent further margin erosion throughout the remainder of the year?
Research analysts who have asked questions during FULLER H B earnings calls.
Kevin McCarthy
Vertical Research Partners
4 questions for FUL
David Begleiter
Deutsche Bank
3 questions for FUL
Ghansham Panjabi
Robert W. Baird & Co.
3 questions for FUL
Jeffrey Zekauskas
JPMorgan Chase & Co.
3 questions for FUL
Michael Harrison
Seaport Research Partners
3 questions for FUL
Patrick Cunningham
Citigroup
3 questions for FUL
Rosemarie Morbelli
Gabelli Funds
3 questions for FUL
Jeff Zekauskas
JPMorgan Chase & Co.
1 question for FUL
Matthew Krueger
Baird
1 question for FUL
Mike Harrison
Seaport Research Partners
1 question for FUL
Rachael Lee
Citigroup
1 question for FUL
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
ND Industries Asia, Inc. (ND Industries Taiwan) | 2025 | Acquired for approximately $8,160 (266,960 Taiwan dollars) using existing cash with a holdback component; the deal is strategically aimed at accelerating growth in Greater Asia by adding a leading provider of specialty adhesives and fastener solutions, with detailed fair value measurements announced. |
GEM S.r.l. | 2025 | Acquired at a purchase price of 144,041 Euros (approximately $147,886) with holdback payments in three tranches; the acquisition establishes H.B. Fuller's European headquarters for Medical Adhesives and expands its presence in high-growth, profitable markets, aligning with its strategic objectives. |
ND Industries, Inc. | 2024 | Completed on May 20, 2024 for $255,734 (including a holdback) to bolster H.B. Fuller's portfolio in specialty adhesives serving automotive, electronics, and aerospace sectors; the deal features significant goodwill and intangible assets representing anticipated synergies and enhanced margin performance. |
HS Butyl | 2024 | Acquired on August 5, 2024 for 18,148 GBP (approximately $23,180) with a holdback element; this strategic purchase positions H.B. Fuller in the European waterproofing tape market by adding the UK’s largest manufacturer of high-quality butyl tapes, thereby expanding its construction adhesives presence. |
Aspen Research Corporation | 2023 | Acquired on January 31, 2023 for approximately $9,850,000 (including a $500,000 holdback) to expand H.B. Fuller's Engineering Adhesives footprint in North America and enhance its capabilities in the insulating glass market with advanced process manufacturing; the acquisition brings specialized R&D and manufacturing expertise. |
Beardow Adams Holdings Ltd. | 2023 | Acquired on May 1, 2023 for 80,738 GBP (approximately $100,885) with an 8,000 GBP holdback, funded through the credit facility; this deal is aimed at accelerating growth in adhesives, sealants, and coatings through synergies such as optimized raw material pricing and production, complemented by a restructuring plan for enhanced efficiency. |
XChem International LLC | 2023 | Acquired on June 12, 2023 for approximately $14,591 (with a $1,650 holdback) via H.B. Fuller's credit facility; the acquisition broadens the Construction Adhesives product portfolio and increases manufacturing capacity internationally, supporting the strategy to diversify geographic exposure and product applications. |
Adhezion Biomedical LLC | 2023 | Completed on June 23, 2023 for about $81,201 (with a holdback and up to $15,000 in contingent consideration) funded through the credit facility; this transaction strengthens H.B. Fuller's platform in medical adhesives and infection prevention products, bolstering its presence in the healthcare adhesives segment. |
Apollo (Chemicals, Roofing & Construction Solutions) | 2022 | Acquired on January 26, 2022 for a total of approximately $205,592 (base price of 151,214 GBP plus an additional 1,500 GBP upon completing environmental studies) funded through borrowings; this acquisition enhances H.B. Fuller’s portfolio with the UK’s largest independent manufacturer of liquid adhesives, coatings, and primers, thereby reinforcing its high-margin construction adhesives business in Europe. |
Fourny NV | 2022 | Acquired on January 11, 2022 for EUR 12,867 (approximately $14,627) with an additional payment of EUR 3,100 due after 18 months, funded with existing cash; the acquisition is designed to bolster H.B. Fuller's Construction Adhesives business in Europe by incorporating a manufacturer of construction and automotive adhesives with proven growth potential. |
No recent press releases or 8-K filings found for FUL.