In his answer link to the question whether $a|m$ and $a+1|m$ implies $a(a+1)|m$, Bill Dubuque takes a detour to derive the equality $$ \gcd(a,b)=ab/\mathrm{lcm}(a,b) $$ from the universal property of $\gcd$ and $\mathrm{lcm}$. Since they have a universal property, the natural question is: is $\gcd$ the right adjoint of something and is $\mathrm{lcm}$ the left adjoint of something?
A note about the answers below
Originally, the question was meant as: does the functor $\gcd:\mathbb{N}\times\mathbb{N}\to\mathbb{N}$ has a left adjoint. This was answered by Qiaochu Yuan by observing that $\gcd$ is a categorical product.
Hurkyl had interpreted my question as: does the functor $\gcd(-,b):\mathbb{N}\to\mathbb{N}$ have a left adjoint for each $b\in\mathbb{N}$? This is not the case, but interestingly the functor $\mathrm{lcm}(-,b):\mathbb{N}\to\mathbb{N}$ has a left adjoint. This shows that if we reverse the ordering of divisibility, the category $\mathbb{N}$ becomes cartesian closed.
Well, as far as category theory goes, it is a categorical product (and $\text{lcm}$ is a categorical coproduct) in the category whose objects are the natural numbers where there is a single arrow $a \to b$ if $a | b$.
All limits and colimits are adjoints. If $C$ is a category and $J$ a diagram category, then the diagonal inclusion $C \to C^J$ sending every object $c \in C$ to the constant functor $J \to C$ with value $c$ potentially has a left and right adjoint, and these are the
limit and colimitcolimit and limit respectively when they exist.