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Home  > Markets & companies  > H.B. Fuller to close five plants

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Markets & companies

H.B. Fuller to close five plants

Thursday, 7 June 2012

Additionally to its sites in Italy and Austria, H.B. Fuller intends to shut down plants in Germany, Spain and the UK.

After plans for restructuring in North America, H.B. Fuller now announces the closure of five plants in the Europe, India, Middle East and Africa (EIMEA) operating segment. Source: Michael Kempf – Fotolia.com
After plans for restructuring in North America, H.B. Fuller now announces the closure of five plants in the Europe, India, Middle East and Africa (...

H.B. Fuller Co. announced that it intends to make several organizational changes to support its growth and profitability strategy in the Europe, India, Middle East and Africa (EIMEA) operating segment. Overall, plans for restructuring represent a net reduction of 370 positions. The facilities scheduled for closure are: Chatteris, United Kingdom; Pirmasens, Germany; and Vigo, Spain, as well as the previously announced closures planned for facilities in Borgolavezzaro, Italy, and Wels, Austria. These facility closures will be staggered over the next two years.

The plans support the segment's commitment to improve EBITDA margin to 15 %t by the year 2015 while completing the integration of the Forbo business in the region. Earlier this year, the company completed its planned acquisition of the industrial adhesives business of Forbo Group, which has resulted in duplicate manufacturing and redundant services in the combined businesses.

This announcement follows the North America integration plan announcement in April 2012. In addition, last week the company launched its integration plans for its Asia-Pacific operating segment. The global integration plan is now mostly complete.

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