H.B. Fuller Sells Flooring Business to Pacific Avenue Capital Partners

St. Paul, MN, December 3, 2024-H.B. Fuller Company will sell its flooring business to Pacific Avenue Capital Partners, a private equity firm based in Los Angeles, California.

The company, operating as TEC Specialty Products (TEC), is a manufacturer of flooring repair and installation products, serving commercial and residential end markets. The company is headquartered in Aurora, Illinois, and includes six strategically located manufacturing facilities and three warehouses across the United States. 

The move is part of the company’s reorganization of the building and construction segments of its portfolio to create a faster growing solutions business with a complementary customer base across the architectural and infrastructure markets. The reorganization includes the sale of the flooring business as well as combining the company’s insulated glass, woodworking, and composite segments, currently part of engineering adhesives, with its roofing and building envelope and infrastructure (BE&I) segments to form a newly named global business unit (GBU): building adhesive solutions (BAS), effective with the start of H.B. Fuller’s 2025 fiscal year.

Pacific Avenue Capital Partners is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has more than $1.8 billion Assets Under Management (AUM) as of June 30, 2024.