McGinley Adhesives has over 30 years of experience in the adhesive industry, taking pride in its customer service. The acquisition will expand APPLIED’s presence on the East Coast.
The fourth-quarter earnings mark the sixth consecutive quarter of record sales and adjusted EBIT for the leader in specialty coatings, sealants, and building materials.
The new American Sealants Inc. (ASI) 30,000-square-foot plant, in Fort Wayne, Indiana, will expand ASI’s operations and create new jobs in the community.
The materials group and solutions group both reported losses, yet with the implementation of cost-saving solutions, the company remains optimistic for the next quarter.
Financial performance for the quarter that resulted in a 32% decline in year-over-year adjusted EBITDA led to the decision to close its titanium dioxide manufacturing facility.