ST. PAUL, Minn., July 31, 2018 (GLOBE NEWSWIRE) -- H.B. Fuller Company (NYSE:FUL) announced today that, effective September 4, 2018, or as contracts allow, H.B. Fuller North America will implement price increases for all polymer and water-based adhesives product categories. Increases will be between 7 percent and 12 percent. These increases will affect products in the company’s packaging, durable assembly, construction and paper converting segments.
The past 12 months have seen continued increases in raw material feedstock, logistic and labor costs. Raw material inflationary pressure exists globally due to tight supply in a robust demand environment. In North America, the added impact of truck shortages and low unemployment also is affecting costs.
Customers should contact their H.B. Fuller sales representative for more details.
About H.B. Fuller Company:
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
kimberlee.sinclair@hbfuller.com
Maximillian Marcy
Investor Relations
+1 651 236 5062
max.marcy@hbfuller.com