H.B. Fuller Co. has signed a letter of intent to acquire the adhesives business of Eastman Chemical.
H.B. Fuller Co. has signed a letter of intent to acquire the
adhesives business of Eastman Chemical. Eastman's adhesives
revenues were over $30 million in 1995 with primary manufacturing at its
Longview Longview.
1 City (1990 pop. 70,311), seat of Gregg co., E Tex.; inc. 1872. It is a manufacturing, business, and distribution center for the rich East Texas oil field. , TX facility. The sale will include formulations, customer
lists, technology and inventory but will not include any assets at its
Texas Eastman Division. The companies will sign long-term Long-term
Three or more years. In the context of accounting, more than 1 year.
long-term
1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. agreements for
Eastman to toll manufacture adhesives for Fuller.
COPYRIGHT 1996 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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