H.B. Fuller Announces North America Price Increase on Hot Melt, Reactive, Water-based Adhesives and Related Products
Source: Nasdaq GlobeNewswire / 14 Sep 2018 11:59:53 Europe/London
ST. PAUL, Minn., Sept. 14, 2018 (GLOBE NEWSWIRE) -- H.B. Fuller Company (NYSE: FUL) announced today that effective October 15, 2018, or as contracts allow, H.B. Fuller North America will implement price increases for all adhesives product categories and related products. Increases will be between 4 percent and 10 percent. These increases will affect products in the company’s durable assembly, hygiene, packaging, construction and paper converting segments.
The past 12 months have seen continued increases in raw material feedstock, logistic and labor costs. In recent months, pressure on hot melt, reactive and water-based raw materials has intensified. In North America, the added impact of tariffs and truck shortages also is affecting costs.
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.
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