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H.B. Fuller to sell its surfactants, thickeners and dispersants business to Tiarco, LLC

  6/13/2019 - St. Paul, MN - H.B. Fuller Company announced that it has signed a definitive agreement to sell its surfactants, thickeners and dispersants business to Tiarco, LLC, a wholly owned subsidiary of Textile Rubber and Chemical Company, Inc., for $71 million. H.B. Fuller will use the net proceeds from the sale for debt reduction. The transaction is expected to close in the third quarter. “The business being sold is a non-strategic, non-adhesive business, which was purchased as part of the Royal acquisition,” said Jim Owens, president and chief executive officer of H.B. Fuller. “Our focus is to shift our portfolio to more highly specified adhesive solutions, and the surfactants, thickeners and dispersants business is not part of our strategic vision. By divesting this business, we are able to continue to accelerate paying down debt, focus on our core, and better position this business for future growth under the ownership of Tiarco, which specializes in this market. We are pleased that our colleagues will join a strong, established team at Tiarco.” H.B. Fuller’s surfactants, thickeners and dispersants business, based in Dalton, Ga., had fiscal year 2018 sales of approximately $25 million and EBITDA of approximately $8 million. Its brands are well recognized, and the products include thickeners used in carpet, floor coatings, adhesive and caulk formulations, as well as surfactants used in detergents, wetting agents, and foam boosters in beauty and healthcare products.

Friday, September 20, 2019

Automotive silicone market is projected to reach $3.33 billion by 2023 - click to expand

Goodyear ordered to pay $6.7 million for exploding tire death - click to expand

Freudenberg Sealing Technologies is developing a new generation of conductive seals - click to expand

Lanxess launches high performance wheel solution - click to expand

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

PolyOne launches new black masterbatch colorants with sustainable carbon black - click to expand

Thursday, September 19, 2019

Aerospace tapes market projected to register a CAGR of 4.0 percent though 2024 - click to expand

Students can showcase technology skills at annual Goodyear Innovation Challenge - click to expand

Birla Carbon releases seventh annual sustainability report - click to expand

TechnoBiz announces Rubber Industry Training Week 2019 for the U.S. and Thailand - click to expand

Lanxess commissions two additional production lines for Tepex composite material - click to expand

Clariant listed in the 2019 Dow Jones Sustainability Index - click to expand

Wednesday, September 18, 2019

Global automotive summer tire market is expected to record a CAGR of almost 5% by 2023 - click to expand

Lubrizol achieves a Gold sustainability rating from EcoVadis - click to expand

Brenntag Specialties expands distribution agreement with BASF - click to expand

Michelin, Continental AG and Smag announce joint venture for sustainability practices for the natural rubber industry - click to expand

Petronas Chemicals completes the acquisition of silicone manufacturer Da Vinci Group - click to expand

Accella Tire Fill Systems changes name to Carlisle TyrFil - click to expand

Tuesday, September 17, 2019

Davis-Standard introduces DS-Blend feedscrew design - click to expand

Global injection molding machines market forecast to reach $21 billion by 2026 - click to expand

Eastman experts to discuss increased efficiency in tire production at the International Elastomer Conference - click to expand

Fort Wayne Mold & Engineering announces the retirement of Rick Schmidt - click to expand

DIC to acquire BASF’s global pigments business - click to expand

Thailand has become the world's largest rubber exporter - click to expand

Monday, September 16, 2019

Davis-Standard readies for the 2019 International Elastomer Conference - click to expand

Enviro develops financing solutions for plants based on international corporate bonds - click to expand

Smithers unifies under one brand - click to expand

ChemSpec is exclusive distributor of Himadri carbon blacks in the U.S. and Canada - click to expand

ExxonMobil introduces sustainable solutions and innovative applications at K 2019 - click to expand

Dow Chemical selected by Fortune magazine for its Change the World list - click to expand

Friday, September 13, 2019

Tokai Carbon announces new president of Cancarb Limited - click to expand

Budzar Industries announces new vice president - click to expand

Cooper Tire’s Tread Wisely program reminds young drivers to plan ahead for roadside emergencies - click to expand

Apollo Tyres sharpens focus on the SUV segment in India - click to expand

Future Foundation (India) establishes U.S. sales and service center - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

Market Reports

Polyisoprene latex market forecast to reach $231 million by 2029 - click to expand

Automotive silicone market is projected to reach $3.33 billion by 2023 - click to expand

Aerospace tapes market is projected to register a CAGR of 4.0% though 2024 - click to expand

Global automotive summer tire market is expected to record a CAGR of almost 5% by 2023 - click to expand

Global injection molding machines market forecast to reach $21 billion by 2026 - click to expand

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