H.B. Fuller To Implement 11% Surcharge On Product Shipments Globally - Quick Facts

(RTTNews) - H.B. Fuller (FUL) announced Monday that it will implement an 11% surcharge on shipments of its products globally, effective September 1, 2021, in addition to other communicated price increases. The surcharge is expected to be permanently incorporated into existing pricing by December 1, 2021.

This pricing action is driven by continued short supply and significant cost escalation of certain chemical feedstocks and plastic and metal packaging that have resulted in unprecedented costs to serve customers.

These increases have been followed by inflationary costs and short supply for logistics, freight, packaging, labor and many other items required to meet customer needs.

The company said the speed and unrelenting continuation of inflationary pressures has resulted in the need for a surcharge, which will be implemented immediately.