The Valspar Corp. has agreed to acquire the powder coatings business of H.B. Fuller Co. The business had net sales of approximately $75 million in 2005 and serves customers in 26 countries from manufacturing facilities in the U.S. and the U.K. The cash purchase transaction is subject to regulatory approval and is expected to close in December. Terms of the transaction were not disclosed.
“Fuller has a reputation for excellent quality and technology. Their powder coatings business fits extremely well with our North American powder coatings business and provides us with an immediate entry into Europe. This acquisition and our recently completed powder coatings plant in China will enable us to better serve the needs of our global industrial coatings customers,” said William L. Mansfield, Valspar’s president and chief executive officer.
For more information, call 612.375.7350 or visitwww.valspar.com.
Valspar to Acquire H.B. Fuller's Powder Coating Business
December 1, 2006