H.B. Fuller Company (NYSE:FUL), said on 21 November that the company has concluded the sale of its entire stake in its automotive joint venture to the principal joint venture partner, EMS CHEMIE Holding AG of Switzerland.
The company will report the results of its automotive joint venture as "Discontinued Operations" for all periods. The financial details were not disclosed by the companies. H.B. Fuller Company is engaged in the manufacturing and marketing of adhesives, sealants, paints and other speciality chemical products, with fiscal 2006 net revenue of USD1.472bn. |