MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

H.B. Fuller Agrees to Acquire Tonsan Adhesive

Adhesives manufacturer H.B. Fuller Company (NYSE: FUL), St. Paul, MN, has agreed to acquire Tonsan Adhesive Inc., an adhesives manufacturer based in China with annual sales of $100 million.

Tonsan offers silicone, epoxy, anaerobic and cyanoacrylate technologies that will facilitate H.B. Fuller's global entry into the segment. H.B. Fuller will acquire 95 percent of the equity of Tonsan for a cash consideration of Rmb 1.4 billion (US$230 million).

"With this acquisition, we enter the fast-growing and profitable engineering adhesives market and strengthen our business in China," said Jim Owens, H.B. Fuller's president and CEO. "This acquisition will launch H.B. Fuller into some of the most exciting and profitable segments of the adhesives industry."

H.B. Fuller also reported sales for the second quarter ended May 31 of $544 million, an increase of 4.8 percent year-over-year. Profit decreased 20.8 percent to $20.5 million.

Sales for the first half of 2014 were $1 billion, up 3.1 percent over the same period a year ago. Organic sales grew 3.3 percent. Profit fell 25 percent to $35.1 million.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center