H.B. Fuller

H.B. Fuller Company
Public
Traded as NYSE: FUL
S&P 600 Component
Industry Adhesives
Founded 1887
Founder Harvey B. Fuller
Headquarters Vadnais Heights, Minnesota, U.S.
Area served
 Worldwide
Key people
 Jim Owens
(President and CEO)
Services Manufacturing
Revenue DecreaseUS$2.08 billion (2015)[1]
IncreaseUS$165.83 million (2015)[1]
IncreaseUS$86.39 million (2015)[1]
Total assets IncreaseUS$2.04 billion (2015)[1]
Total equity DecreaseUS$872.9 million (2015)[1]
Website hbfuller.com

H.B. Fuller Company is a major American adhesives manufacturing company supplying industrial adhesives worldwide. The company has long received praise in ethical investment circles for such things as careful handling of toxic waste and the nature reserve built around its headquarters.[2][3] Despite this image, it faced a controversy over glue-sniffing in Latin America in the 1990s.[4]

In 2014, the company ranked 957 on the Fortune 1000.[5]

History

The company was founded in 1887 by Harvey Benjamin Fuller as a one-man wallpaper-paste shop. Initially incorporated as the Fuller Manufacturing Company, in 1915 the company reincorporated as the H.B. Fuller Company. Elmer Andersen, who would later become governor of Minnesota, served as the company's CEO in the 1940s.[6][7] After beginning his political career, he became a part-time company president, though Andersen would remain involved with the company for many years, stepping down as chairperson in 1992. H.B. Fuller became a publicly held company in 1968.[8]

Glue Sniffing Controversy

In the 1990s, the company faced controversy over the glue-sniffing epidemic among street children in Latin America. A Fuller company brand, Resistol glue, was abused among these children to a sufficient extent that glue-sniffing children were called "resistoleros," regardless of the brand of glue being abused.[7] A lawsuit filed against the company over the death of a Guatemalan teenager from sniffing glue was dismissed in 1996 due to lack of jurisdiction.[9] The controversy eventually led to the company's withdrawal from the Latin American market. [4]

References

  1. 1 2 3 4 5 "FUL Income Statement - H. B. Fuller Company Stock - Yahoo Finance". finance.yahoo.com.
  2. ↑ "Rules Still Apply to Socially-Rated Stocks". Lakeland Ledger. New York Times. 19 May 1988. Retrieved 28 May 2015.
  3. ↑ "H.B. Fuller Honored As One Of The 2013 World's Most Ethical Companies" (Press release). PRNewsWire. 8 March 2013. Retrieved 28 May 2015.
  4. 1 2 Weissert, Will (16 Jul 2000). "We Live for the Glue". The Item. Associated Press. Retrieved 28 May 2015.
  5. ↑ "H.B. Fuller Company". Fortune. Retrieved 28 May 2015.
  6. ↑ "Hoover's Company Records - In-depth Records". Retrieved 28 May 2015.
  7. 1 2 Henriques, Diana (26 November 1995). "Black Mark for a 'Good Citizen'". New York Times.
  8. ↑ "H.B. Fuller Company History". Retrieved 28 May 2015.
  9. ↑ Silver, Beth (24 September 1996). "Federal Judge Dismisses Glue Sniffing Lawsuit Against H.B. Fuller". Associated Press. Retrieved 12 July 2016.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.