MILWAUKEE – H.B. Fuller Co. has signed an 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. Grace Matthews advised H.B. Fuller on the transaction.
H.B. Fuller acquired the surfactants, thickeners and dispersants business through its acquisition of Royal Adhesives & Sealants in 2017. The business’ products include thickeners used in carpet, floor coatings, adhesive and caulk formulations, as well as surfactants used as detergents, wetting agents, and foam boosters in beauty and healthcare products.
The targeted transaction includes technologies, trademarks and transfer of H.B. Fuller’s production plant in Dalton, Georgia, and is expected to close in the third quarter of H.B Fuller’s fiscal 2019.
“We see this transaction as a very favorable outcome for the business. The complementary nature of Tiarco’s location and product line, combined with the business’ strong sales and customer service, will allow the business to thrive within Tiarco’s global organization,” said Andrew Cardona, Vice President at Grace Matthews. “We are truly excited for both parties involved.”