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To sell surfactants, thickeners and dispersants business for $71 million.
July 29, 2019
By: Melissa Meisel
H.B. Fuller Co. has signed a definitive agreement to sell its surfactants, thickeners and dispersants business to Tiarco LLC, a wholly owned subsidiary of Textile Rubber and Chemical Co. Inc., for $71 million. H.B. Fuller will use the net proceeds from the sale, which is expected to close in the third quarter, for debt reduction. “The business being sold is a non-strategic, non-adhesive business, which was purchased as part of the Royal acquisition,” commented Jim Owens, president and CEO of...
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