08 May 2012 17:16 [Source: ICIS news]
HOUSTON (ICIS)--HB Fuller has agreed to sell its paints business in ?xml:namespace>
The sold business employs nearly 800 workers at plants and laboratories in
HB Fuller CEO Jim Owens said the paints business does not fit in with his company’s focus on its core adhesives business.
"Our strategic vision is to be the best adhesives company in the world, and the paints business is not, therefore, core to our strategic plan,” Owens said.
Fuller expects to complete the divestment within 60 days.
($1 = €0.77)
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