Regional law firm Andrew Jackson Solicitors LLP has advised the shareholders of HS Butyl Ltd, the manufacturer and distributor of butyl tapes, on their disposal to NYSE-listed H.B. Fuller, the pureplay adhesives company.
Family owned and founded since 1964, HS Butyl has been designing, engineering and manufacturing butyl tapes for a variety of applications within the construction, infrastructure, automotive and renewable energy industries. It has become a globally recognised business, exporting to more than 50 countries from its site in Hampshire.
The transaction will assist the $3bn-turnover H. B. Fuller accelerate its expansion into the $15bn global waterproofing tape market, which includes butyl tape technologies.
HS Butyl had been owned by East Yorkshire-based Hodgson Sealants Group since 2007, growing its annual sales to £18m.
The group will continue to focus on the Hodgson Sealants business.
A team of Yorkshire advisers assisted the shareholders of HS Butyl, including Andrew Jackson Solicitors LLP (Matthew Smith and Nicole Waldron), Park Place (Richard Firth and Hector Simpson), and Brown Butler (James White and Craig Hughes).
Philip Ashworth, corporate partner of Andrew Jackson, said: “Having acted for the Hodgson family since the 1980s including the acquisition of HS Butyl in 2007, it is a delight that Matthew, Nicole and team, together with colleagues at Park Place and Brown Butler, have assisted on the family’s exit from the business after 17 years.”
