H.B. Fuller to acquire 95% of Chinese adhesives firm for $230M

H.B. Fuller Co. said Wednesday that it will acquire 95 percent of the Chinese firm Tonsan Adhesive Inc. for $230 million in cash, while four founding shareholders of Tonsan will retain 5 percent ownership.

Also Wednesday, the Vadnais Heights-based maker of adhesives, sealants and other chemical products met second-quarter adjusted earnings expectations of 78 cents a share.But revenue of $544 million fell slightly below the $545.2 million Wall Street was expecting.

In addition, Fuller lowered its full-year adjusted earnings outlook to $2.80 to $2.95 per share from the previous $3 to $3.15 per share. The new outlook is below the $3.07 per share Wall Street had been expecting.

Read more here.

600450 H.B. Fuller to acquire 95% of Chinese adhesives firm for $230M glassonweb.com

See more news about:

Others also read

LandGlass assisted Superkote Glass to put the new glass tempering project into production.
From 5th to 8th Feb. 2019, you are warmly welcome to come NEXNOVO booth 8-C160, 8-A160.
A few years ago, with precise and meticulous selection, the HSH company purchased LandGlass tempered glass machine.
The offices serve as a link between China and the UAE, a place where the Chinese can connect with opportunities in the UAE for tourism, investment and shopping.
LandGlass Won the Silver Award at “The Third China Dual-use Technological Innovation Application Contest”.
The 2019 exhibition will be held in Guangzhou-Pazhou-Canton Fair from August 22nd to 24th.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000

Add new comment