By Denny Jacob
H.B. Fuller on Thursday said it will close three manufacturing facilities and redistribute production to improve efficiency as part of its strategic restructuring following the recent acquisition of Beardow Adams.
The adhesives maker, which owns the Gorilla Glue brand, said the changes will be initiated in the third quarter and are expected to be completed in fiscal 2026. The restructuring costs, estimated around $20 million pre-tax, will be spread across the next several fiscal quarters as the actions are implemented, the company said.
The restructuring is expected to result in ongoing annualized cost savings of about $20 million pre-tax, with the majority of the charges and cost savings expected to be recognized in fiscal 2024.
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