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Chemical Week Magazine :: Business & Finance :: United States/Americas
Fuller Divests Central American Paints Business
7:26 AM MDT | May 11, 2012 | —Rebecca Coons
H.B. Fuller says it will sell its Central American paints business to Grupo Mindial (Panama City, Panama) subsidiary Companía Global de Pinturas (Pinturas; Medellín, Colombia) for $120 million. Fuller says the business is no longer core to its strategic objective of becoming the “best adhesives company in the world.” The business posted revenue of $113.5 million and Ebitda of $13.3 million in fiscal year 2011. The business to be divested “has a strong market position and excellent leadership,” and the agreement enables it to...
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