December, 16th, 2024

How time flies! After a busy year, we are already looking forward to seeing out the year as we started – with a commitment to our products, our people and growing together.

Here are our highlights of the year.

Acquisition by HB Fuller

As you may have heard, H.B. Fuller Company (NYSE: FUL), the largest pureplay adhesives company in the world, has announced that it has acquired HS Butyl Limited (HS Butyl).

As the UK’s largest manufacturer and distributor of high-quality butyl tapes, our products provide strong, permanent, watertight seals for a wide variety of applications within the construction, infrastructure, automotive and renewable energy industries.

The acquisition ─ which is a continuation of H.B. Fuller’s strategy to deliver adjusted EBITDA margin of 20 percent in the next three to five years ─ advances one of the company’s top 20 technology-based growth segments and uniquely positions H.B. Fuller to accelerate its expansion into the $15 billion global waterproofing tape market, which includes butyl tape technologies.

Boost in production capacity

This year, we were thrilled to announce our latest investment in a state-of-the-art extruder. This will allow us to boost output and help more customers, faster.

This strategic move reflects our commitment to meeting growing demand and providing even better service to our valued customers.

Reducing lead times has been a priority for our teams, both on the shop floor and in management meetings. We want to deliver more of our products to more people – and this increase in capacity will ensure we can do just that.

Our lead times moved from 16 weeks to just 4 weeks.

With advanced technology designed to minimise energy consumption, we’re not only enhancing our production capacity but also taking a significant step towards sustainability. This innovation reflects our dedication to both quality and the environment.

As we continue to innovate and expand, we expect to see more investment in enhanced capabilities and improved efficiency across our site.

2025 and beyond

We’re looking to continue our growth, both of our team and its output, as we move into a new year under new ownership.

Thank you to every member of the team, client and partner across this year – we look forward to working together in 2025.