H.B. Fuller is set to sell its flooring business as part of a larger reorganization of its building and construction market segments. The company will also realign its existing segments into a new Global Business Unit (GBU) called Building Adhesive Solutions (BAS). This move is aimed at creating a faster-growing solutions business with a complementary customer base across the architectural and infrastructure markets.

The new BAS GBU will be formed by combining H.B. Fuller’s Insulated Glass, Woodworking and Composite segments with its Roofing and Building Envelope and Infrastructure (BE&I) segments. The company’s existing Construction Adhesives GBU will be replaced by BAS. The reorganization is set to take effect at the start of H.B. Fuller’s 2025 fiscal year.

In addition to the realignment, H.B. Fuller has also announced the sale of its flooring business to Pacific Avenue Capital Partners. The sale is expected to generate $80 million in proceeds for the company. H.B. Fuller’s flooring business currently generates approximately $160 million in annual revenue.

H.B. Fuller is the largest pureplay adhesives company in the world. The company’s portfolio includes a wide range of adhesives, sealants and functional coatings.