Advanced Medical Solutions confirms takeover approach from HB Fuller

(Alliance News) - Advanced Medical Solutions Group PLC on Thursday confirmed it has been approached by Minnesota, US-based adhesive manufacturer HB Fuller Co regarding a possible cash takeover offer.

The Cheshire, England-based surgical dressings company confirmed press reports and said it received the unsolicited proposal on April 30.

Discussions with HB Fuller are ongoing, and AMS said there can be no certainty that a firm offer will be made, nor as to the terms on which it may be made.

HB Fuller is required to announce a firm intention to make an offer, or that it does not intend to make an offer, by June 18.

On Thursday, HB Fuller said: "HB Fuller has been a successful and disciplined acquiror focused on high growth markets with differentiated technology. HB Fuller continues to explore opportunities in its M&A pipeline including, but not limited to, other assets in the medical adhesives market."

Earlier this month, Boston, Massachusetts-based private equity firm, TA Associates (UK) LLP, said it "does not intend to make an offer for AMS".

In April, AMS confirmed talks after Sky News reported that TA Associates was preparing an offer worth around 280 pence per share, or GBP600 million in total.

On Friday, AMS said: "The board of AMS remains confident in AMS' standalone prospects and strategy which it believes will continue to deliver sustainable growth and value creation for shareholders."

Back in March 2025, AMS was the subject of bid interest from London-based mid-market private equity firm Montagu Private Equity LLP, but no formal offer materialised.

Shares in AMS were up 6.4% at 225.00p each on Thursday afternoon in London.

By Michael Hennessey, Alliance News reporter

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