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BRIEF-HB Fuller approves organizational restructuring plan
December 9, 2016 / 10:03 PM / a year ago

BRIEF-HB Fuller approves organizational restructuring plan

Dec 9 (Reuters) - Hb Fuller Co :

* On December 7, 2016, co approved a restructuring plan related to organizational changes and other actions

* HB Fuller Co says plan will be implemented beginning in Q1 of fiscal year 2017 and is currently expected to be completed by mid-year of fiscal 2018

* Hb Fuller Co says approximately $15 million to $16 million ($12 million to $13 million after-tax) of costs are expected to be cash costs

* Hb Fuller Co - expects to incur costs of approximately $17 million to $20 million as part of restructuring plan

* Hb Fuller - restructuring costs will be spread across next several quarters as measures are implemented with majority of costs occurring in fiscal 2017 Source text for Eikon: [ID:bit.ly/2he5TtY] Further company coverage:

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