H.B. Fuller Nears £628 Million Deal for UK Medtech AMS

H.B. Fuller Co. is nearing a deal to acquire Advanced Medical Solutions Group Plc for approximately £628 million ($827 million). This acquisition would value the British manufacturer of medical products focused on tissue healing at that figure. Advanced Medical Solutions Group Plc, a publicly traded company, specializes in developing and producing advanced wound care and surgical sealant technologies. The potential deal signifies H.B. Fuller's strategic move to expand its presence in the high-growth medical device market. Advanced Medical Solutions Group Plc reported revenues of £136 million in 2023, with a significant portion derived from its surgical sealant and advanced wound care product lines. The acquisition is expected to be completed in the third quarter of 2024, subject to regulatory approvals and shareholder consent. Analysts suggest the move could enhance H.B. Fuller's portfolio with specialized medical adhesives and sealants, complementing its existing industrial adhesives business.