H.B. Fuller Company announced that it has completed the sale of its surfactants, thickeners and dispersants business to Tiarco, LLC, a wholly owned subsidiary of Textile Rubber and Chemical Company, Inc., for $71 million. Following fulfillment of all conditions associated with the divesture, the deal closed on July 1, 2019.
H.B. Fuller will use the net proceeds from the sale for debt reduction, and the divestiture will also enable the company to strengthen its focus on more highly specified adhesive solutions.
ABOUT H.B. FULLER COMPANY: Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives.
Source: H.B. Fuller