Colombia's Grupo Mundial grows in Central America
Specialty chemicals maker H.B. Fuller said it will sell its Central American paints business to a Grupo Mundial unit for $120 million, to focus on its core adhesives business.
The business being sold generated a revenue of $113.5 million, or about 7 percent of its total, in 2011.
The paints business operates under the Glidden and Protecto brands in Central America and is being sold to Colombia-based Compañía Global de Pinturas, a unit of Grupo Mundial.