H.B. Fuller closes sale of coatings ops to Valspar
01 December 2006 23:34 [Source: ICIS news]
TORONTO (ICIS news)--US adhesives and specialties maker H.B. Fuller said on Friday it has closed the sale of its powder coatings business to Valspar, the US coatings and paint maker.
Neither H.B. Fuller nor Valspar would disclose financial terms.
Steven Brazones, investor relations manager with St. Paul, Minnesota-based H.B. Fuller told ICIS news that the transaction involved three plants in the
The sale would result in a positive financial impact of up to $68m (€51m) in H.B. Fuller’s fourth quarter, Brazones said, adding that this sum was not the sales price his company achieved.
Officials at Valspar’s head office in
($1 = €.75)
By: Stefan Baumgarten
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