Valspar to Buy Powder Coatings Business From Fuller
MINNEAPOLIS - The Valspar Corporation, a leading global coatings company, has agreed to acquire the powder coatings business of H.B. Fuller Company, St. Paul, Minn. H.B. Fuller’s powder coatings business, which had net sales of approximately $75 million in 2005, serves customers in 26 countries from manufacturing facilities in the United States and the United Kingdom. The cash purchase transaction is subject to regulatory approval and is expected to close in December. Terms of the transaction were not disclosed.