Date: 28 April 2010
Fuller is a market leader in providing sealant solutions for the residential insulating glass market in the United States and has a growing presence in Asia. The Company's leadership position is maintained primarily through product innovation that enhances the performance of its customers' products and processes.
In 2006 the Company expanded into the European residential insulating glass market by acquiring a polysulfide-based product line. In fiscal year 2009, this product line generated net revenue of approximately $25 million. Polysulfide-based products are difficult to differentiate and have essentially become commodity products. Accordingly, the Company has elected to discontinue the sale of these products in Europe to focus on more innovative technologies for this market, similar to the strategic approach used in the United States. The change in Europe does not affect the Company's business in the United States or any other region of the world.
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