Brief: H.B. Fuller Announces Divestiture Of Flooring Business

H.B. Fuller

02/12/2024 18:23

Dec 2 (Reuters) - H.B. Fuller Company  FUL.N :
    * H.B. FULLER ANNOUNCES DIVESTITURE OF FLOORING BUSINESS
    * H.B. FULLER COMPANY - SALE OF FLOORING BUSINESS EXPECTED
TO
YIELD $80 MILLION
    * H.B. FULLER : DIVESTITURE WILL RESULT IN A REDUCTION IN
ANNUAL
REVENUE OF ABOUT $160 MILLION AND ADJUSTED EBITDA OF
APPROXIMATELY $15 MILLION GOING FORWARD
    * H.B. FULLER COMPANY: SOLD ITS FLOORING BUSINESS TO PACIFIC
AVENUE CAPITAL PARTNERS
    * H.B. FULLER COMPANY - H.B. FULLER TO FORM NEW GLOBAL
BUSINESS
UNIT: BUILDING ADHESIVE SOLUTIONS


 ((Reuters.Briefs@thomsonreuters.com;))