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ST. PAUL, Minn., Feb. 27, 2018 -- H.B. Fuller Company (NYSE:FUL) announced today that, effective between March 1 and April 1, 2018, or as contracts allow, H.B. Fuller will implement price increases for all adhesives product categories. Increases will be between 5 percent and 12 percent, and will include products supplied by its recently acquired Royal, Wisdom and Adecol businesses. The largest increases will occur in water-based adhesives and in North America where cost increases are highest.
The past 12 months have seen continued increases in feedstock costs, logistics costs and labor costs. Inflationary pressures in global markets have occurred due to trucking shortages, Hurricanes Harvey and Irma in the United States, regulatory and environmental actions by the Chinese government, and robust demand. These increases will affect products in the company’s hygiene, packaging, durable assembly, construction, paper converting, and engineering adhesives segments.
H.B. Fuller is a global leader in providing adhesive solutions for a wide range of durable- and consumer-goods manufacturers. Customers should contact their H.B. Fuller sales representative for more details.
About H.B. Fuller
Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. With fiscal 2017 net revenue of over $2.3 billion, H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world's biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, aerospace, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive. For more information, visit us at www.hbfuller.com.
Kimberlee Sinclair
Global Communications
+1 651 236 5823
[email protected]
