H. B. Fuller Company (FUL)

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Pradeepchandar

Company Overview: H.B. Fuller Company (H.B. Fuller), incorporated in 1915, is a formulator, manufacturer and marketer of adhesives, sealants, paints and other specialty chemical products. The Company operates under four segments: assembly, which includes appliances, filters and construction; packaging, which includes food and beverage containers, consumer goods, durable and non-durable goods; converting, which includes corrugation, tape and label, paper converting, multi-wall bags and sacks; non-woven and hygiene, which includes disposable diapers, feminine care, medical garments, tissue and towel; performance wood, which includes windows, doors and wood flooring; textile, which includes footwear and sportswear, and flexible packaging, which includes graphic arts and envelope. On April 20, 2009, the Company acquired Nordic Adhesive Technology GmbH, a developer and manufacturer of flexible packaging adhesives. In June 2010, the Company acquired Revertex Finewaters Sdn Bhd from Revertex (Malaysia) Sdn Bhd. The Company’s sales operations span 38 countries in North America, Europe, Latin America, the Asia Pacific region, the Middle East and Africa. Industrial adhesives are in manufacturing common consumer goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear and footwear. The Company also provides adhesives for a variety of industrial applications, such as water filtration products and multi-wall bags. The Company has established a variety of product offerings for residential specialty construction markets, such as tile-setting adhesives, grout, sealants and related products. These products are sold primarily in North America. Liquid paint and related products are manufactured and sold in Central America. Adhesives include a range of specialty adhesives, such as thermoplastic, thermoset, water-based and solvent-based products. Sales are primarily made through a direct sales force. Specialty construction includes products used for tile setting and heating, ventilation and air conditioning (HVAC) and insulation applications, such as duct sealants, weather barriers and fungicidal coatings, and block fillers. Specialty construction sales are made through a direct sales force, distributors and retailers. The Latin America operating segment includes adhesives and liquid paints business components. The adhesives component is similar to that of North America and sales are made primarily through a direct sales force. The paints component has a market position, in Central America, under the Glidden and Protecto brands. Paints sales are primarily made through distributors and its network of retail stores located throughout Central America selling liquid paint for residential and commercial applications. The Asia Pacific adhesive component includes caulks and sealants for the consumer market, sold through retailers. Adhesives sales are made through a direct sales force and distributors. The Company’s customers include manufacturers of food and beverages, hygiene products, clothing, appliances, filters, construction materials, wood flooring, furniture, cabinetry, windows, doors, tissue and towel, corrugation, tube winding, packaging, labels and tapes.

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