H.B. Fuller Announces Seven Site Closures and $75 Million Long-Term Savings Target
H.B. Fuller (FUL) has announced a major restructuring plan as part of its 'Project Quantum Leap' supply chain transformation initiative. The company plans to close seven manufacturing sites to streamline operations, aiming for approximately $25 million in annualized cost savings by fiscal year 2026. Beyond the initial phase, the company expects to realize an additional $50 million in incremental savings through 2030. This strategic shift is designed to optimize the global supply chain and improve long-term operational efficiency.
Tickers: $FUL
Topics: cost savings operational efficiency supply chain transformation