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Stock impact report

HB Fuller plans to slash production, offload 27 plants by 2030 [Yahoo! Finance]

H. B. Fuller Company (FUL) 
Last h. b. fuller company earnings: 3/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: hbfuller.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
· Courtesy of H.B. Fuller Sara Samora Wed, February 5, 2025 at 12:35 PM GMT+1 3 min read In This Article FUL This story was originally published on Manufacturing Dive . To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter Dive Brief: Adhesive manufacturer H.B. Fuller said it plans to reduce its production footprint from 82 to 55 facilities by 2030 as part of an ongoing restructuring effort. The St. Paul, Minneapolis-based company is also looking to scale back its warehouses in North America from 55 to 10 over the next three years. H.B. Fuller's plan is expected to yield about $75 million in annual cost savings once it's fully implemented in fiscal year 2030, according to the company's Q4 2024 earnings report. Dive Insight: The company expects to sell or shutter 16 facilities by the end of 2025 , which has been in motion over the past couple of years President and CEO Celeste Mastin said in a Jan. 16 earnings call In Show less Read more
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