Headlines / News

H.B. Fuller Announces Organizational Changes

June 6, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

H.B. Fuller Co. recently announced it intends to make several organizational changes to support its growth and profitability strategy in the Europe, India, the Middle East, and Africa (EIMEA) operating segment. These specific plans reportedly support the segment’s commitment to improve EBITDA margin to 15% by 2015 while completing the integration of the Forbo business in the region. The plans are based on a thorough analysis of the company’s now-combined operations and are subject to Works Council and/or Trade Union consultations and other legal requirements.

H.B. Fuller also affirmed its intention to make capital investments in the EIMEA segment of approximately $90 million over the next three years. The investments will reportedly enable consolidation, facilitate increased production capacity, support new technologies in the company’s European operations, and centralize finance shared services and customer service functions in Mindelo, Portugal, as previously announced. These actions will reportedly enable the operating segment to modernize and enhance plant processes and use resources and technology more efficiently.

Overall, plans for investment and restructuring represent a net reduction of 370 positions. The facilities scheduled for closure are located in Chatteris, UK; Pirmasens, Germany; and Vigo, Spain, as well as the previously announced closures planned for facilities in Borgolavezzaro, Italy; and Wels, Austria. These facility closures will be staggered over the next two years.

For additional information, visit www.hbfuller.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40