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Colombia's Grupo Mundial grows in Central America

Wednesday, May 9, 2012

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.

Source: Reuters